Global Retirement Partners LLC Sells 486 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Global Retirement Partners LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,754 shares of the company’s stock after selling 486 shares during the quarter. Global Retirement Partners LLC’s holdings in American Electric Power were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in shares of American Electric Power by 35.7% during the fourth quarter. Fisher Asset Management LLC now owns 7,190 shares of the company’s stock valued at $584,000 after acquiring an additional 1,892 shares during the period. Quadrature Capital Ltd bought a new position in shares of American Electric Power in the 4th quarter valued at about $559,000. RFG Advisory LLC acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $211,000. International Assets Investment Management LLC raised its stake in shares of American Electric Power by 24.3% during the first quarter. International Assets Investment Management LLC now owns 4,055 shares of the company’s stock worth $343,000 after buying an additional 793 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in American Electric Power by 3.0% in the first quarter. Ballentine Partners LLC now owns 11,488 shares of the company’s stock valued at $989,000 after buying an additional 334 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 0.2 %

American Electric Power stock opened at $100.69 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a 50-day moving average of $100.43 and a 200-day moving average of $93.41. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a one year low of $72.01 and a one year high of $105.18.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 earnings per share. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio is presently 65.31%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AEP. Bank of America raised their price target on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Morgan Stanley boosted their target price on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Guggenheim increased their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Barclays boosted their price objective on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $98.43.

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.