American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 196,738 shares of the company’s stock after acquiring an additional 2,701 shares during the period. Asset Management One Co. Ltd.’s holdings in American Electric Power were worth $20,185,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its holdings in 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 purchasing an additional 103 shares in the last quarter. LRI Investments LLC raised its stake in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after buying an additional 365 shares in the last quarter. Briaud Financial Planning Inc lifted its holdings in shares of American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after buying an additional 150 shares during the period. Naples Money Management LLC bought a new position in American Electric Power during the second quarter valued at about $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in American Electric Power during the second quarter worth about $48,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Guggenheim raised their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Morgan Stanley raised their target price on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank upped their price target 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. Wells Fargo & Company raised their price objective on American Electric Power from $98.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned 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 $98.43.

American Electric Power Stock Up 2.0 %

American Electric Power stock opened at $100.40 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. American Electric Power Company, Inc. has a twelve month low of $74.97 and a twelve month high of $105.18. The firm’s 50 day moving average price is $100.67 and its two-hundred day moving average price is $94.65. The firm has a market cap of $53.42 billion, a PE ratio of 20.00, a P/E/G ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, November 8th. American Electric Power’s dividend payout ratio is presently 70.12%.

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.