Jeppson Wealth Management LLC Sells 787 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Jeppson Wealth Management LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,588 shares of the company’s stock after selling 787 shares during the period. American Electric Power makes up approximately 1.2% of Jeppson Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Jeppson Wealth Management LLC’s holdings in American Electric Power were worth $3,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in American Electric Power in the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at about $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $48,000. Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth about $49,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of American Electric Power during the third quarter worth about $50,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Evercore ISI cut their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets cut their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Trading Up 4.5 %

AEP stock opened at $102.63 on Tuesday. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company’s 50-day simple moving average is $94.99 and its 200 day simple moving average is $97.41. The company has a market capitalization of $54.61 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.62%. American Electric Power’s dividend payout ratio is presently 74.55%.

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.