American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,566 shares of the company’s stock after selling 355 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in American Electric Power were worth $1,183,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Apella Capital LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $348,000. Rockline Wealth Management LLC acquired a new position in American Electric Power in the fourth quarter valued at $1,982,000. Nisa Investment Advisors LLC boosted its holdings in American Electric Power by 28.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after acquiring an additional 11,065 shares during the last quarter. Nordea Investment Management AB boosted its holdings in American Electric Power by 1,592.1% in the fourth quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after acquiring an additional 389,675 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in American Electric Power by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock valued at $190,432,000 after acquiring an additional 522,608 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised their price objective on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Scotiabank cut their price objective on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets raised their price objective on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Cfra reissued a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Finally, StockNews.com lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.08.

American Electric Power Stock Up 1.2 %

NASDAQ:AEP traded up $1.03 during mid-day trading on Wednesday, reaching $87.06. The stock had a trading volume of 1,149,285 shares, compared to its average volume of 3,738,400. The company has a market capitalization of $45.84 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.06 and a beta of 0.51. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $92.89. The stock’s 50 day simple moving average is $83.74 and its two-hundred day simple moving average is $80.67. 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 (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.11 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.04%. American Electric Power’s payout ratio 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.