Graypoint LLC Sells 3,748 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Graypoint LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,685 shares of the company’s stock after selling 3,748 shares during the quarter. Graypoint LLC’s holdings in American Electric Power were worth $787,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in American Electric Power during the first quarter worth about $27,000. True Wealth Design LLC bought a new position in American Electric Power during the fourth quarter worth about $28,000. Fairfield Bush & CO. bought a new position in American Electric Power during the second quarter worth about $26,000. Chilton Capital Management LLC bought a new position in American Electric Power during the first quarter worth about $28,000. Finally, FSC Wealth Advisors LLC increased its position in American Electric Power by 222.0% during the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock worth $26,000 after acquiring an additional 242 shares during the period. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Monday, January 22nd. Mizuho downgraded 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 research note on Thursday, January 11th. Cfra reiterated a “buy” rating and set a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Finally, StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $87.08.

American Electric Power Stock Down 1.0 %

American Electric Power stock opened at $82.10 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $94.73. The firm has a 50 day moving average price of $82.42 and a two-hundred day moving average price of $79.74. The firm has a market cap of $43.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.90 and a beta of 0.51.

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

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 9th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.52 annualized dividend and a dividend yield of 4.29%. American Electric Power’s dividend payout ratio is currently 82.82%.

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.