Affinity Investment Advisors LLC Sells 5,850 Shares of American Electric Power Company Inc (AEP)

Affinity Investment Advisors LLC trimmed its stake in American Electric Power Company Inc (NYSE:AEP) by 5.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 95,905 shares of the utilities provider’s stock after selling 5,850 shares during the quarter. Affinity Investment Advisors LLC’s holdings in American Electric Power were worth $7,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Schroder Investment Management Group lifted its holdings in shares of American Electric Power by 28.2% during the second quarter. Schroder Investment Management Group now owns 39,793 shares of the utilities provider’s stock valued at $2,759,000 after purchasing an additional 8,750 shares during the last quarter. FMR LLC increased its position in shares of American Electric Power by 413.8% during the second quarter. FMR LLC now owns 2,250,095 shares of the utilities provider’s stock valued at $155,819,000 after acquiring an additional 1,812,198 shares in the last quarter. Atria Investments LLC increased its position in shares of American Electric Power by 17.9% during the third quarter. Atria Investments LLC now owns 6,064 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 922 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $205,000. Finally, First Hawaiian Bank bought a new stake in shares of American Electric Power during the third quarter valued at approximately $289,000. Institutional investors own 73.49% of the company’s stock.

NYSE:AEP opened at $80.09 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. American Electric Power Company Inc has a 12 month low of $62.71 and a 12 month high of $81.05. The company has a market capitalization of $39.46 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.37 and a beta of 0.17.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, January 24th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. American Electric Power had a net margin of 11.91% and a return on equity of 10.33%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 8th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, February 7th. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

In other American Electric Power news, insider Paul Chodak III sold 847 shares of American Electric Power stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $76.47, for a total value of $64,770.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa M. Barton sold 881 shares of American Electric Power stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total transaction of $68,321.55. Following the completion of the sale, the insider now directly owns 581 shares of the company’s stock, valued at approximately $45,056.55. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $78.00 price target on shares of American Electric Power and gave the company a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Thursday, January 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. American Electric Power currently has a consensus rating of “Buy” and a consensus price target of $77.21.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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