Bogart Wealth LLC Cuts Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Bogart Wealth LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,531 shares of the company’s stock after selling 163 shares during the quarter. Bogart Wealth LLC’s holdings in American Electric Power were worth $124,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEP. BLB&B Advisors LLC lifted its holdings in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after acquiring an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of American Electric Power by 4.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after purchasing an additional 132 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of American Electric Power by 2.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after purchasing an additional 135 shares during the period. CENTRAL TRUST Co raised its holdings in American Electric Power by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after buying an additional 138 shares during the period. Finally, Pinnacle West Asset Management Inc. raised its holdings in American Electric Power by 3.1% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after buying an additional 140 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AEP shares. Royal Bank of Canada boosted their target price on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price target on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, January 11th. Finally, Scotiabank increased their price objective on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.14.

American Electric Power Price Performance

Shares of NASDAQ AEP traded up $0.71 during trading on Wednesday, hitting $90.58. 2,051,962 shares of the company were exchanged, compared to its average volume of 3,731,253. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $92.10. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The company has a market cap of $47.75 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.74 and a beta of 0.50. The firm’s fifty day moving average price is $84.37 and its 200 day moving average price is $81.16.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.25 by $0.02. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 EPS. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s payout ratio is currently 65.31%.

American Electric Power 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.