Jackson Hole Capital Partners LLC Sells 5,211 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Jackson Hole Capital Partners LLC lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 29.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,696 shares of the company’s stock after selling 5,211 shares during the period. Jackson Hole Capital Partners LLC’s holdings in American Electric Power were worth $1,171,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power in the third quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power in the fourth quarter valued at $35,000. Kestra Investment Management LLC bought a new stake in American Electric Power in the fourth quarter valued at $35,000. Finally, Decker Retirement Planning Inc. bought a new stake in American Electric Power in the fourth quarter valued at $49,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 2.0 %

American Electric Power stock opened at $104.62 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock has a market cap of $55.78 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.50. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. The firm’s 50-day simple moving average is $99.21 and its 200 day simple moving average is $98.64.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the business earned $1.23 EPS. Research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Analyst Ratings Changes

AEP has been the subject of a number of analyst reports. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reduced 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.46.

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.