Boothbay Fund Management LLC Sells 1,838 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Boothbay Fund Management LLC lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,856 shares of the company’s stock after selling 1,838 shares during the period. Boothbay Fund Management LLC’s holdings in American Electric Power were worth $263,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in American Electric Power in the 4th quarter worth about $32,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power in the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in shares of American Electric Power during the fourth quarter valued at $35,000. Finally, Lee Danner & Bass Inc. acquired a new position in American Electric Power during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.1 %

NASDAQ AEP opened at $107.69 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $57.47 billion, a P/E ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.43. The business has a fifty day simple moving average of $105.63 and a 200 day simple moving average of $100.05. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the company earned $1.23 EPS. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power’s payout ratio is 66.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AEP shares. Bank of America boosted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets raised their target price on American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $101.69.

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.