Ieq Capital LLC Sells 2,144 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Ieq Capital LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,902 shares of the company’s stock after selling 2,144 shares during the quarter. Ieq Capital LLC’s holdings in American Electric Power were worth $1,374,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC raised its position in shares of American Electric Power by 2.7% in the fourth quarter. Private Advisor Group LLC now owns 56,880 shares of the company’s stock valued at $5,246,000 after buying an additional 1,505 shares in the last quarter. Alberta Investment Management Corp raised its holdings in American Electric Power by 52.0% in the 4th quarter. Alberta Investment Management Corp now owns 73,748 shares of the company’s stock valued at $6,802,000 after acquiring an additional 25,227 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of American Electric Power by 7.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,198 shares of the company’s stock valued at $572,000 after acquiring an additional 444 shares during the period. Plan Group Financial LLC grew its holdings in shares of American Electric Power by 13.0% during the 4th quarter. Plan Group Financial LLC now owns 11,027 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of American Electric Power in the fourth quarter worth $356,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEP shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.9 %

NASDAQ:AEP opened at $106.29 on Tuesday. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $107.36. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market cap of $56.67 billion, a PE ratio of 18.98, a P/E/G ratio of 2.95 and a beta of 0.58. The firm’s 50 day simple moving average is $96.80 and its 200 day simple moving average is $98.13.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the business earned $1.23 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.50%. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

American Electric Power Company 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.