Signaturefd LLC Sells 336 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Signaturefd LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,828 shares of the company’s stock after selling 336 shares during the quarter. Signaturefd LLC’s holdings in American Electric Power were worth $636,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BLB&B Advisors LLC boosted its position in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after buying an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in American Electric Power by 4.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after buying an additional 132 shares during the period. CENTRAL TRUST Co boosted its position in American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after buying an additional 138 shares during the period. Pinnacle West Asset Management Inc. boosted its position in American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock worth $355,000 after buying an additional 140 shares during the period. Finally, Nicolet Advisory Services LLC boosted its position in American Electric Power by 5.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company’s stock worth $220,000 after buying an additional 142 shares during the period. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent research reports. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. BMO Capital Markets lifted their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Finally, UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $86.00 to $83.00 in a research note on Monday, March 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $86.08.

American Electric Power Stock Performance

NASDAQ AEP opened at $85.56 on Wednesday. The company has a fifty day moving average price of $83.19 and a 200-day moving average price of $80.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.98 and a beta of 0.51. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. American Electric Power’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.11%. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

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.