IFP Advisors Inc Lowers Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

IFP Advisors Inc lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 66.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,416 shares of the company’s stock after selling 12,437 shares during the quarter. IFP Advisors Inc’s holdings in American Electric Power were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in American Electric Power in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power during the 3rd quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of American Electric Power during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AEP shares. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Evercore ISI decreased their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.46.

American Electric Power Trading Up 0.8 %

Shares of AEP opened at $106.05 on Friday. The stock has a fifty day moving average of $97.98 and a two-hundred day moving average of $98.37. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The company has a market capitalization of $56.55 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $107.84.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power’s payout ratio is 66.43%.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.