Commonwealth Equity Services LLC Has $24.10 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Commonwealth Equity Services LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 296,744 shares of the company’s stock after selling 12,019 shares during the period. Commonwealth Equity Services LLC’s holdings in American Electric Power were worth $24,102,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wetzel Investment Advisors Inc. acquired a new stake in American Electric Power during the 4th quarter worth approximately $32,000. GoalVest Advisory LLC increased its position in shares of American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after acquiring an additional 320 shares in the last quarter. JNBA Financial Advisors raised its holdings in shares of American Electric Power by 91.6% during the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in American Electric Power in the 3rd quarter valued at $36,000. Finally, Byrne Asset Management LLC acquired a new position in American Electric Power in the 3rd quarter worth $38,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.4 %

AEP stock opened at $88.60 on Monday. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $92.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.36 and a current ratio of 0.54. The company’s 50-day simple moving average is $84.10 and its 200 day simple moving average is $80.94. The company has a market capitalization of $46.70 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.25 by $0.02. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, May 9th. American Electric Power’s payout ratio is presently 65.31%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. BMO Capital Markets raised their target price on shares of American Electric Power from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Royal Bank of Canada boosted their price target on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.14.

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.