HUB Investment Partners LLC Sells 542 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

HUB Investment Partners LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,097 shares of the company’s stock after selling 542 shares during the period. HUB Investment Partners LLC’s holdings in American Electric Power were worth $286,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power during the fourth quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power during the third quarter valued at about $33,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power in the fourth quarter worth about $32,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $35,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEP. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Barclays decreased 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 research report on Tuesday, November 26th. Finally, Bank of America lifted their price target on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $99.92.

American Electric Power Trading Down 1.0 %

Shares of NASDAQ AEP opened at $105.11 on Friday. The business’s 50 day moving average price is $101.89 and its 200-day moving average price is $99.07. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $109.52. 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 company has a market cap of $56.10 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.97 and a beta of 0.50.

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, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

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.