American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,497 shares of the company’s stock after selling 543 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in American Electric Power were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC increased its holdings in shares of American Electric Power by 2.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after buying an additional 117 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of American Electric Power by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock worth $2,445,000 after acquiring an additional 119 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after acquiring an additional 132 shares during the period. Financial Advocates Investment Management raised its stake in shares of American Electric Power by 2.8% in the fourth quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock valued at $469,000 after acquiring an additional 133 shares in the last quarter. Finally, Tradewinds LLC. boosted its holdings in American Electric Power by 1.7% in the second quarter. Tradewinds LLC. now owns 8,184 shares of the company’s stock valued at $689,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP traded up $1.30 during mid-day trading on Friday, hitting $86.10. The company’s stock had a trading volume of 3,077,284 shares, compared to its average volume of 4,406,437. The firm has a 50-day simple moving average of $81.09 and a 200 day simple moving average of $79.36. The firm has a market capitalization of $45.34 billion, a P/E ratio of 20.26, a P/E/G ratio of 3.00 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $96.05.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date was Thursday, February 8th. This represents a $3.52 dividend on an annualized basis and a yield of 4.09%. American Electric Power’s payout ratio is 82.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEP shares. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Thursday, January 11th. Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Monday, January 22nd. Barclays restated an “equal weight” rating and set a $83.00 price objective (down previously from $84.00) on shares of American Electric Power in a research report on Wednesday, February 28th. LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the company from $75.50 to $73.00 in a research report on Friday, March 8th. Finally, UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.08.

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.