Checchi Capital Advisers LLC Sells 106 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Checchi Capital Advisers LLC reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,757 shares of the company’s stock after selling 106 shares during the period. Checchi Capital Advisers LLC’s holdings in American Electric Power were worth $623,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Advisor OS LLC grew its stake in shares of American Electric Power by 5.6% in the fourth quarter. Advisor OS LLC now owns 6,547 shares of the company’s stock valued at $604,000 after buying an additional 346 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of American Electric Power by 12.9% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,498 shares of the company’s stock valued at $415,000 after buying an additional 513 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of American Electric Power by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 135,006 shares of the company’s stock valued at $12,452,000 after buying an additional 2,991 shares in the last quarter. Vaughan David Investments LLC IL grew its stake in shares of American Electric Power by 0.6% in the fourth quarter. Vaughan David Investments LLC IL now owns 476,656 shares of the company’s stock valued at $43,962,000 after buying an additional 2,634 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of American Electric Power in the fourth quarter valued at $293,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 0.7 %

AEP opened at $106.89 on Thursday. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $107.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The company has a market capitalization of $56.99 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.97 and a beta of 0.58. The stock has a fifty day moving average of $97.43 and a 200-day moving average of $98.26.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the prior year, the firm earned $1.23 earnings per share. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 66.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AEP shares. Evercore ISI decreased their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, 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 for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.