Avior Wealth Management LLC Has $120,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Avior Wealth Management LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,303 shares of the company’s stock after selling 257 shares during the quarter. Avior Wealth Management LLC’s holdings in American Electric Power were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $33,000. Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $100.00 on Wednesday. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The company has a market cap of $53.21 billion, a P/E ratio of 20.04, a P/E/G ratio of 2.77 and a beta of 0.56. The firm’s fifty day moving average price is $94.99 and its two-hundred day moving average price is $97.41. 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 declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.72%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AEP shares. BMO Capital Markets reduced their price objective on shares of 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. Wells Fargo & Company reduced their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley cut their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Company 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.