BTG Pactual Global Asset Management Ltd Sells 31,752 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

BTG Pactual Global Asset Management Ltd reduced its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 46.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,307 shares of the company’s stock after selling 31,752 shares during the period. American Electric Power accounts for about 1.2% of BTG Pactual Global Asset Management Ltd’s portfolio, making the stock its 24th largest position. BTG Pactual Global Asset Management Ltd’s holdings in American Electric Power were worth $3,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power during the fourth quarter valued at about $26,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of American Electric Power during the fourth quarter worth $32,000. GoalVest Advisory LLC lifted its stake 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 buying an additional 320 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of American Electric Power during the third quarter valued at $36,000. Finally, Northwest Financial Advisors acquired a new position in shares of American Electric Power in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock traded up $2.09 during trading on Friday, reaching $90.25. The company had a trading volume of 5,511,590 shares, compared to its average volume of 2,389,521. The firm has a market capitalization of $47.57 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.67 and a beta of 0.50. The firm’s 50-day simple moving average is $86.94 and its 200 day simple moving average is $82.87. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.44.

American Electric Power (NASDAQ:AEPGet Free Report) last released its 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 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 company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEP. Scotiabank lifted their target price on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 1st. Barclays upped their price objective on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, Morgan Stanley lifted their price objective on American Electric Power from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.64.

View Our Latest Stock Report on American Electric Power

About American Electric Power

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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