Bogart Wealth LLC Sells 163 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Bogart Wealth LLC trimmed its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brown Advisory Inc. raised its stake in American Electric Power by 12.3% in the third quarter. Brown Advisory Inc. now owns 22,058 shares of the company’s stock valued at $1,659,000 after buying an additional 2,415 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American Electric Power by 4.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,995 shares of the company’s stock valued at $9,176,000 after purchasing an additional 5,570 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of American Electric Power in the third quarter valued at $217,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of American Electric Power by 21.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 519,591 shares of the company’s stock valued at $39,083,000 after purchasing an additional 90,078 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in American Electric Power by 1.8% in the 3rd quarter. Park Avenue Securities LLC now owns 31,563 shares of the company’s stock valued at $2,374,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Monday, January 22nd. Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company upped their target price on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.14.

American Electric Power Price Performance

American Electric Power stock traded up $0.71 during mid-day trading on Wednesday, reaching $90.58. The company had a trading volume of 2,051,962 shares, compared to its average volume of 3,731,253. The business has a fifty day simple moving average of $84.37 and a 200 day simple moving average of $81.16. The company has a market cap of $47.75 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.74 and a beta of 0.50. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $92.10.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) 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.