Stratos Wealth Advisors LLC Sells 1,532 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Stratos Wealth Advisors LLC lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,338 shares of the company’s stock after selling 1,532 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in American Electric Power were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after buying an additional 1,963,154 shares during the last quarter. Janus Henderson Group PLC raised its position in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp boosted its stake in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. FMR LLC grew its position in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of American Electric Power in the 3rd quarter worth $80,207,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.2 %

Shares of American Electric Power stock opened at $100.35 on Friday. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $95.10 and a 200-day moving average price of $97.70. The firm has a market cap of $53.40 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.79 and a beta of 0.58.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Wells Fargo & Company lowered their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, Barclays reduced their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target 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.