American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,147 shares of the company’s stock after selling 820 shares during the period. Prudent Man Advisors LLC’s holdings in American Electric Power were worth $567,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its holdings in shares of American Electric Power by 24.2% during the fourth quarter. Jacobi Capital Management LLC now owns 3,590 shares of the company’s stock worth $331,000 after purchasing an additional 700 shares during the last quarter. Metis Global Partners LLC grew its holdings in American Electric Power by 5.1% in the fourth quarter. Metis Global Partners LLC now owns 39,837 shares of the company’s stock valued at $3,674,000 after purchasing an additional 1,945 shares during the period. Fisher Asset Management LLC raised its stake in American Electric Power by 17.6% during the fourth quarter. Fisher Asset Management LLC now owns 4,568 shares of the company’s stock worth $421,000 after purchasing an additional 684 shares during the period. SVB Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at $819,000. Finally, Flputnam Investment Management Co. increased its holdings in shares of American Electric Power by 4.7% during the 4th quarter. Flputnam Investment Management Co. now owns 20,271 shares of the company’s stock worth $1,870,000 after buying an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP stock opened at $106.05 on Friday. The stock’s 50 day simple moving average is $97.98 and its 200 day simple moving average is $98.37. American Electric Power Company, Inc. has a 12-month low of $79.16 and a 12-month high of $107.84. The firm has a market cap of $56.55 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.97 and a beta of 0.58. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the business posted $1.23 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AEP shares. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $98.46.

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.