American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,678 shares of the company’s stock after selling 4,837 shares during the quarter. Cetera Investment Advisers’ holdings in American Electric Power were worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its position in American Electric Power by 18.6% during the first quarter. Mount Yale Investment Advisors LLC now owns 5,904 shares of the company’s stock valued at $589,000 after acquiring an additional 927 shares in the last quarter. Shell Asset Management Co. raised its position in American Electric Power by 8.9% during the first quarter. Shell Asset Management Co. now owns 7,810 shares of the company’s stock valued at $779,000 after acquiring an additional 641 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in American Electric Power during the first quarter valued at approximately $222,000. Envestnet Asset Management Inc. raised its position in American Electric Power by 15.3% during the first quarter. Envestnet Asset Management Inc. now owns 798,566 shares of the company’s stock valued at $79,673,000 after acquiring an additional 105,826 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in American Electric Power by 12.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,223 shares of the company’s stock valued at $322,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

American Electric Power Stock Up 1.5 %

Shares of AEP opened at $95.13 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.69 and a current ratio of 0.79. American Electric Power Company, Inc. has a one year low of $80.22 and a one year high of $105.60. The stock has a market capitalization of $48.88 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.99 and a beta of 0.41. The stock has a 50 day moving average price of $87.14 and a 200 day moving average price of $94.20.

American Electric Power (NASDAQ:AEPGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. American Electric Power had a return on equity of 10.73% and a net margin of 13.08%. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.03 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 3.49%. This is a boost from American Electric Power’s previous quarterly dividend of $0.78. The ex-dividend date is Wednesday, November 9th. American Electric Power’s payout ratio is presently 68.74%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Cfra reduced their price target on American Electric Power from $105.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, October 27th. Wells Fargo & Company reduced their price target on American Electric Power from $108.00 to $96.00 and set an “overweight” rating for the company in a research report on Wednesday, October 19th. Morgan Stanley boosted their price objective on American Electric Power from $97.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Credit Suisse Group cut their price objective on American Electric Power from $105.00 to $95.00 in a research report on Monday, October 10th. Finally, Citigroup boosted their price objective on American Electric Power from $94.00 to $99.00 in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.60.

About American Electric Power

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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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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