American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Decreased by CWA Asset Management Group LLC

CWA Asset Management Group LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,972 shares of the company’s stock after selling 117 shares during the period. CWA Asset Management Group LLC’s holdings in American Electric Power were worth $282,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of American Electric Power during the first quarter worth approximately $40,000. Westwood Holdings Group Inc. acquired a new stake in shares of American Electric Power during the first quarter worth approximately $211,000. Cibc World Market Inc. boosted its holdings in shares of American Electric Power by 13.1% during the first quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock worth $3,074,000 after purchasing an additional 3,558 shares during the period. Sei Investments Co. boosted its holdings in shares of American Electric Power by 17.7% during the first quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock worth $20,569,000 after purchasing an additional 30,836 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of American Electric Power by 1.6% during the first quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock worth $3,643,000 after purchasing an additional 577 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of American Electric Power from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Friday, March 10th. Cfra lifted their target price on shares of American Electric Power from $93.00 to $96.00 and gave the company a “hold” rating in a research note on Friday, February 24th. BMO Capital Markets lifted their target price on shares of American Electric Power from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, December 16th. Mizuho reduced their target price on shares of American Electric Power from $104.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, December 16th. Finally, StockNews.com initiated coverage on shares of American Electric Power in a research note on Friday. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $100.83.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $90.70 on Friday. The firm has a fifty day simple moving average of $91.43 and a 200-day simple moving average of $91.08. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.39. American Electric Power Company, Inc. has a 1-year low of $80.30 and a 1-year high of $105.60. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.88 and a beta of 0.44.

American Electric Power (NASDAQ:AEP – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. American Electric Power had a net margin of 11.77% and a return on equity of 10.75%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.26 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, February 9th. American Electric Power’s dividend payout ratio (DPR) is currently 73.61%.

Insider Buying and Selling

In related news, EVP David Matthew Feinberg sold 3,998 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $89.44, for a total transaction of $357,581.12. Following the transaction, the executive vice president now owns 15,714 shares of the company’s stock, valued at $1,405,460.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American Electric Power news, EVP David Matthew Feinberg sold 3,998 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $89.44, for a total value of $357,581.12. Following the sale, the executive vice president now owns 15,714 shares of the company’s stock, valued at approximately $1,405,460.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Greg B. Hall sold 884 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.99, for a total transaction of $80,435.16. Following the completion of the sale, the executive vice president now directly owns 7,331 shares in the company, valued at approximately $667,047.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,897 shares of company stock valued at $5,723,900. 0.12% of the stock is owned by company insiders.

About American Electric Power

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.