PFG Advisors Has $394,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

PFG Advisors decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,270 shares of the company’s stock after selling 360 shares during the period. PFG Advisors’ holdings in American Electric Power were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $32,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power in the 4th quarter valued at about $35,000. Finally, Kestra Investment Management LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AEP. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.46.

American Electric Power Trading Up 1.3 %

NASDAQ:AEP opened at $105.56 on Friday. The company has a market cap of $56.29 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52. The business has a 50 day moving average price of $100.49 and a two-hundred day moving average price of $98.87.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS 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 expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s payout ratio is presently 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.