TRUE Private Wealth Advisors Cuts Position in American Electric Power Company, Inc. (NASDAQ:AEP)

TRUE Private Wealth Advisors lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,242 shares of the company’s stock after selling 812 shares during the period. TRUE Private Wealth Advisors’ holdings in American Electric Power were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AEP. Jaffetilchin Investment Partners LLC increased its position in shares of American Electric Power by 2.0% during the first quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after acquiring an additional 117 shares during the period. Thrivent Financial for Lutherans increased its position in shares of American Electric Power by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock worth $2,445,000 after acquiring an additional 119 shares during the period. BLB&B Advisors LLC increased its position in shares of American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after acquiring an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in shares of American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after acquiring an additional 132 shares during the period. Finally, Financial Advocates Investment Management increased its position in shares of American Electric Power by 2.8% during the fourth quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock worth $469,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Barclays boosted their target price on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Monday. Cfra reiterated a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets boosted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $86.08.

American Electric Power Stock Performance

NASDAQ AEP opened at $81.24 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73. The company has a market capitalization of $42.78 billion, a PE ratio of 19.12, a P/E/G ratio of 2.81 and a beta of 0.51. The company has a fifty day moving average of $82.62 and a two-hundred day moving average of $79.85.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was down 6.1% on a year-over-year basis. As a group, analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.33%. American Electric Power’s dividend payout ratio (DPR) is 82.82%.

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.