Cwm LLC Has $2.15 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Cwm LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,416 shares of the company’s stock after selling 221 shares during the period. Cwm LLC’s holdings in American Electric Power were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AEP. Caprock Group LLC bought a new position in American Electric Power during the 3rd quarter worth $251,000. Advisory Alpha LLC raised its stake in American Electric Power by 50.7% in the third quarter. Advisory Alpha LLC now owns 3,792 shares of the company’s stock valued at $285,000 after purchasing an additional 1,275 shares in the last quarter. Czech National Bank lifted its position in American Electric Power by 47.8% during the third quarter. Czech National Bank now owns 90,043 shares of the company’s stock worth $6,773,000 after purchasing an additional 29,102 shares during the period. Spirit of America Management Corp NY grew its stake in American Electric Power by 27.5% during the third quarter. Spirit of America Management Corp NY now owns 10,650 shares of the company’s stock worth $801,000 after buying an additional 2,300 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in American Electric Power by 26.3% in the 3rd quarter. Ballentine Partners LLC now owns 7,545 shares of the company’s stock valued at $568,000 after buying an additional 1,569 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.6 %

NASDAQ AEP opened at $86.86 on Friday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $94.21. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $45.74 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The business’s 50-day moving average price is $83.45 and its two-hundred day moving average price is $80.33.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.03). The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. On average, analysts expect that American Electric Power Company, Inc. will post 5.55 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 4.05%. American Electric Power’s dividend payout ratio (DPR) is currently 82.82%.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Cfra reiterated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Scotiabank decreased their price target on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research note on Monday. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $75.50 to $73.00 in a research note on Friday, March 8th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Finally, Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.08.

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.