Buckingham Capital Management Inc. Sells 321 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Buckingham Capital Management Inc. reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,209 shares of the company’s stock after selling 321 shares during the period. Buckingham Capital Management Inc.’s holdings in American Electric Power were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the 3rd quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $35,000. Finally, Reston Wealth Management LLC bought a new position in American Electric Power in the third quarter valued at about $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Morgan Stanley dropped their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. 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. Finally, Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

AEP stock opened at $101.83 on Tuesday. American Electric Power Company, Inc. has a 1-year low of $79.01 and a 1-year high of $105.18. 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 $95.69 and a 200-day moving average price of $97.95. The firm has a market cap of $54.19 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same quarter in the previous year, the business posted $1.23 EPS. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.