Asset Dedication LLC Has $52,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Asset Dedication LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 88.5% during the fourth quarter, Holdings Channel reports. The firm owned 562 shares of the company’s stock after selling 4,338 shares during the period. Asset Dedication LLC’s holdings in American Electric Power were worth $52,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AEP. Northwestern Mutual Wealth Management Co. boosted its stake in American Electric Power by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,402 shares of the company’s stock valued at $4,773,000 after buying an additional 714 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of American Electric Power by 5.4% in the 2nd quarter. NewEdge Advisors LLC now owns 25,561 shares of the company’s stock valued at $2,243,000 after purchasing an additional 1,317 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of American Electric Power by 10.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,826 shares of the company’s stock worth $862,000 after purchasing an additional 969 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of American Electric Power during the 2nd quarter worth about $12,671,000. Finally, Heritage Wealth Management Inc. bought a new position in American Electric Power during the 2nd quarter valued at about $361,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Down 0.0 %

Shares of NASDAQ:AEP opened at $98.03 on Friday. The company has a 50 day moving average of $95.09 and a 200-day moving average of $97.47. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The stock has a market cap of $52.16 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Analysts Set New Price Targets

AEP has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. BMO Capital Markets reduced their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $98.00.

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.