Jeppson Wealth Management LLC Sells 787 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Jeppson Wealth Management LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,588 shares of the company’s stock after selling 787 shares during the quarter. American Electric Power accounts for 1.2% of Jeppson Wealth Management LLC’s holdings, making the stock its 17th largest holding. Jeppson Wealth Management LLC’s holdings in American Electric Power were worth $3,375,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the third quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in American Electric Power in the third quarter valued at approximately $48,000. Friedenthal Financial bought a new stake in shares of American Electric Power during the third quarter worth $50,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of American Electric Power during the third quarter worth $50,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP stock opened at $102.63 on Tuesday. The firm has a market cap of $54.61 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The stock has a 50-day moving average price of $94.99 and a 200-day moving average price of $97.41. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Evercore ISI reduced their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley reduced their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus price target of $98.00.

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.