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

My Legacy Advisors LLC decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,510 shares of the company’s stock after selling 2,579 shares during the quarter. My Legacy Advisors LLC’s holdings in American Electric Power were worth $1,181,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AEP. Fisher Asset Management LLC lifted its stake in American Electric Power by 35.7% in the fourth quarter. Fisher Asset Management LLC now owns 7,190 shares of the company’s stock valued at $584,000 after buying an additional 1,892 shares during the last quarter. RFG Advisory LLC purchased a new position in American Electric Power in the 1st quarter worth about $211,000. International Assets Investment Management LLC increased its stake in American Electric Power by 24.3% in the 1st quarter. International Assets Investment Management LLC now owns 4,055 shares of the company’s stock worth $343,000 after purchasing an additional 793 shares in the last quarter. AdvisorNet Financial Inc boosted its position in American Electric Power by 17.3% during the 1st quarter. AdvisorNet Financial Inc now owns 3,511 shares of the company’s stock worth $302,000 after acquiring an additional 518 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in American Electric Power during the 1st quarter worth about $9,356,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1 %

Shares of American Electric Power stock traded down $0.12 on Tuesday, hitting $100.04. The company had a trading volume of 733,017 shares, compared to its average volume of 3,124,885. The stock has a market capitalization of $52.73 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a 1 year low of $72.01 and a 1 year high of $105.18. The stock has a 50 day moving average of $100.49 and a 200-day moving average of $93.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company earned $1.13 earnings per share. American Electric Power’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.52%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

AEP has been the subject of several research reports. Morgan Stanley lifted their price target on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Scotiabank boosted their price objective on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim boosted their price target on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.43.

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.