American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 25.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,266 shares of the company’s stock after selling 1,102 shares during the period. Personal CFO Solutions LLC’s holdings in American Electric Power were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DAVENPORT & Co LLC boosted its position in shares of American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock worth $5,310,000 after buying an additional 3,288 shares during the period. Secure Asset Management LLC boosted its position in shares of American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after buying an additional 4,370 shares during the period. Grove Bank & Trust boosted its position in shares of American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after buying an additional 5,771 shares during the period. J2 Capital Management Inc acquired a new position in shares of American Electric Power during the fourth quarter worth approximately $419,000. Finally, Principal Financial Group Inc. boosted its position in shares of American Electric Power by 3.1% during the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after buying an additional 19,081 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.46.

American Electric Power Stock Performance

AEP opened at $107.32 on Tuesday. The firm has a market cap of $57.22 billion, a PE ratio of 19.16, a P/E/G 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. The business has a fifty day simple moving average of $99.51 and a 200-day simple moving average of $98.71. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52.

American Electric Power (NASDAQ:AEP) last released 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 return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.47%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

About American Electric Power

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.