American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,214 shares of the company’s stock after selling 3,735 shares during the period. RWA Wealth Partners LLC’s holdings in American Electric Power were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. Allstate Corp acquired a new stake in American Electric Power during the 4th quarter valued at $1,468,000. Brown Brothers Harriman & Co. grew its holdings in shares of American Electric Power by 1.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 12,800 shares of the company’s stock valued at $1,181,000 after buying an additional 197 shares in the last quarter. Level Four Advisory Services LLC raised its position in American Electric Power by 2.5% during the fourth quarter. Level Four Advisory Services LLC now owns 11,547 shares of the company’s stock valued at $1,065,000 after buying an additional 277 shares during the period. Orion Portfolio Solutions LLC lifted its stake in American Electric Power by 4.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 46,973 shares of the company’s stock worth $4,332,000 after acquiring an additional 2,129 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in American Electric Power by 20.9% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 735,162 shares of the company’s stock valued at $67,804,000 after acquiring an additional 127,000 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.2 %

Shares of American Electric Power stock opened at $109.27 on Tuesday. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $109.76. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average price of $103.02 and a two-hundred day moving average price of $99.14. The stock has a market capitalization of $58.32 billion, a P/E ratio of 19.51, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the prior year, the company posted $1.23 earnings per share. Equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.40%. American Electric Power’s payout ratio is 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Morgan Stanley lifted their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. BMO Capital Markets upped their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.77.

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.