Gen Wealth Partners Inc Sells 331 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Gen Wealth Partners Inc decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,076 shares of the company’s stock after selling 331 shares during the quarter. Gen Wealth Partners Inc’s holdings in American Electric Power were worth $191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Partners Wealth raised its holdings in American Electric Power by 28.6% in the 4th quarter. Focus Partners Wealth now owns 43,778 shares of the company’s stock valued at $4,216,000 after buying an additional 9,740 shares during the last quarter. Ethic Inc. bought a new position in shares of American Electric Power during the fourth quarter valued at $666,000. Fiduciary Trust Co lifted its holdings in shares of American Electric Power by 1.7% during the fourth quarter. Fiduciary Trust Co now owns 40,817 shares of the company’s stock worth $3,765,000 after purchasing an additional 670 shares during the period. FORA Capital LLC bought a new stake in shares of American Electric Power in the fourth quarter worth $451,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in American Electric Power by 138.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 30,019 shares of the company’s stock valued at $2,769,000 after purchasing an additional 17,430 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $104.68 on Friday. 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 company has a market capitalization of $55.92 billion, a PE ratio of 18.69, a PEG ratio of 2.97 and a beta of 0.45. The stock’s 50 day moving average price is $105.65 and its 200-day moving average price is $100.25. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power’s payout ratio is currently 71.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Citigroup increased their price target on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America boosted their price objective on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Guggenheim lifted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.77.

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.