Forte Capital LLC ADV Sells 577 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Forte Capital LLC ADV lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,807 shares of the company’s stock after selling 577 shares during the quarter. Forte Capital LLC ADV’s holdings in American Electric Power were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. BLB&B Advisors LLC boosted its holdings in American Electric Power by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after buying an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in American Electric Power by 4.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after buying an additional 132 shares during the period. Hexagon Capital Partners LLC boosted its holdings in American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after buying an additional 135 shares during the period. CENTRAL TRUST Co boosted its holdings in American Electric Power by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after buying an additional 138 shares during the period. Finally, Pinnacle West Asset Management Inc. boosted its holdings in American Electric Power by 3.1% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock worth $355,000 after buying an additional 140 shares during the period. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on AEP shares. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Thursday, January 11th. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Wednesday. LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price target for the company from $75.50 to $73.00 in a report on Friday, March 8th. Finally, Scotiabank raised their price target on shares of American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus target price of $88.14.

American Electric Power Trading Up 0.4 %

Shares of AEP traded up $0.35 during trading hours on Friday, reaching $88.60. 3,332,412 shares of the company traded hands, compared to its average volume of 3,215,932. The company’s fifty day moving average price is $84.10 and its two-hundred day moving average price is $80.86. The company has a market capitalization of $46.70 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $92.88.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. Equities research analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s payout ratio is currently 65.31%.

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.