Angeles Investment Advisors LLC Sells 126 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Angeles Investment Advisors LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,491 shares of the company’s stock after selling 126 shares during the quarter. Angeles Investment Advisors LLC’s holdings in American Electric Power were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. HHM Wealth Advisors LLC raised its position in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $26,000. Denali Advisors LLC bought a new stake in shares of American Electric Power during the first quarter worth $26,000. Rise Advisors LLC bought a new stake in shares of American Electric Power during the first quarter worth $27,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of American Electric Power during the first quarter worth $29,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.7 %

NASDAQ:AEP opened at $104.95 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $105.18. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. The stock has a market cap of $55.32 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.95 and a beta of 0.54. The stock has a 50-day moving average price of $97.74 and a two-hundred day moving average price of $90.54.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a dividend of $0.88 per share. The ex-dividend date was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.35%. American Electric Power’s dividend payout ratio is currently 65.31%.

Analysts Set New Price Targets

AEP has been the subject of a number of recent research reports. Barclays boosted their target price on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Scotiabank upped their price objective on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their price objective on American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Finally, LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and upped their price objective for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $95.15.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.