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

Beaumont Financial Advisors LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,283 shares of the company’s stock after selling 904 shares during the period. Beaumont Financial Advisors LLC’s holdings in American Electric Power were worth $5,375,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Grove Bank & Trust increased its position in shares of American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after acquiring an additional 5,771 shares in the last quarter. J2 Capital Management Inc acquired a new position in American Electric Power during the 4th quarter worth approximately $419,000. Principal Financial Group Inc. grew its position in American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after acquiring an additional 19,081 shares in the last quarter. New England Asset Management Inc. acquired a new position in shares of American Electric Power during the third quarter worth $3,404,000. Finally, ING Groep NV increased its stake in American Electric Power by 244.3% during the 3rd quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after buying an additional 208,974 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. 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. 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 for the company in a research note on Thursday, November 7th. Barclays lowered their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 0.6 %

Shares of NASDAQ AEP opened at $97.81 on Wednesday. The stock has a market cap of $52.05 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. The firm has a 50 day moving average price of $94.58 and a two-hundred day moving average price of $97.04. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.80%. American Electric Power’s dividend payout ratio (DPR) is presently 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.