Tidal Investments LLC Sells 1,882 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Tidal Investments LLC reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,434 shares of the company’s stock after selling 1,882 shares during the quarter. Tidal Investments LLC’s holdings in American Electric Power were worth $968,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth $25,000. HHM Wealth Advisors LLC boosted 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 valued at $25,000 after acquiring an additional 103 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the third quarter valued at about $33,000. LRI Investments LLC increased its stake in shares of American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after purchasing an additional 365 shares during the period. Finally, Briaud Financial Planning Inc lifted its position in shares of American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AEP. Bank of America raised their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company decreased 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 research report on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus price target of $97.13.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $91.24 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The business’s fifty day moving average price is $96.99 and its two-hundred day moving average price is $96.13. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The stock has a market capitalization of $48.55 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.70 and a beta of 0.55.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 4.08%. American Electric Power’s dividend payout ratio is presently 74.55%.

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.