TKG Advisors LLC Sells 154 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

TKG Advisors LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,517 shares of the company’s stock after selling 154 shares during the period. TKG Advisors LLC’s holdings in American Electric Power were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEP. DAVENPORT & Co LLC lifted its holdings in American Electric Power by 6.1% in the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after acquiring an additional 3,288 shares during the period. Secure Asset Management LLC lifted its stake in shares of American Electric Power by 22.4% in the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after purchasing an additional 4,370 shares during the period. Grove Bank & Trust boosted its holdings in shares of American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after buying an additional 5,771 shares during the last quarter. J2 Capital Management Inc purchased a new stake in American Electric Power during the fourth quarter valued at approximately $419,000. Finally, Principal Financial Group Inc. increased its holdings in American Electric Power by 3.1% during the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after buying an additional 19,081 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $102.20 on Wednesday. The business’s 50 day moving average price is $95.84 and its 200-day moving average price is $97.96. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $105.18. The company has a market cap of $54.38 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.84 and a beta of 0.58. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. During the same period in the prior year, the company earned $1.23 EPS. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.64%. American Electric Power’s payout ratio is 74.55%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AEP shares. Evercore ISI cut their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Morgan Stanley reduced their target price 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. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. One research 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, the company currently has a consensus rating of “Hold” and a consensus target price of $98.00.

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.