American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Marathon Strategic Advisors LLC

Marathon Strategic Advisors LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 42.8% during the 4th quarter, HoldingsChannel reports. The fund owned 4,022 shares of the company’s stock after selling 3,005 shares during the period. Marathon Strategic Advisors LLC’s holdings in American Electric Power were worth $371,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC bought a new position in American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the third quarter worth $33,000. Reston Wealth Management LLC bought a new position in shares of American Electric Power in the 3rd quarter worth about $48,000. Friedenthal Financial acquired a new position in shares of American Electric Power in the 3rd quarter valued at about $50,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the 3rd quarter valued at about $50,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.3 %

American Electric Power stock opened at $97.49 on Thursday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The stock has a market capitalization of $51.88 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. The firm has a 50 day simple moving average of $94.76 and a 200-day simple moving average of $97.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Announces Dividend

The company also recently declared 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. This represents a $3.72 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEP. Evercore ISI cut their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. restated 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. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley cut their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group upped their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.00.

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.