American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Reduced by Asset Dedication LLC

Asset Dedication LLC decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 88.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562 shares of the company’s stock after selling 4,338 shares during the quarter. Asset Dedication LLC’s holdings in American Electric Power were worth $52,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at about $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $48,000. Decker Retirement Planning Inc. acquired a new position in American Electric Power in the fourth quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new position in American Electric Power during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AEP shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company lowered their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Evercore ISI decreased their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Down 0.0 %

Shares of AEP opened at $98.03 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a 50-day simple moving average of $95.09 and a 200-day simple moving average of $97.47. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The firm has a market capitalization of $52.16 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.56.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.79%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

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.