Advisors Management Group Inc. ADV Has $4.01 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Advisors Management Group Inc. ADV trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,491 shares of the company’s stock after selling 117 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in American Electric Power were worth $4,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Apella Capital LLC grew its position in shares of American Electric Power by 3.1% during the 4th quarter. Apella Capital LLC now owns 4,405 shares of the company’s stock worth $406,000 after buying an additional 133 shares during the period. Avity Investment Management Inc. grew its holdings in American Electric Power by 3.4% during the 4th quarter. Avity Investment Management Inc. now owns 4,524 shares of the company’s stock worth $417,000 after acquiring an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in American Electric Power by 8.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,408 shares of the company’s stock worth $130,000 after acquiring an additional 113 shares during the period. Park Avenue Securities LLC raised its position in shares of American Electric Power by 8.0% during the 4th quarter. Park Avenue Securities LLC now owns 29,895 shares of the company’s stock valued at $2,757,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of American Electric Power by 140.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 385,499 shares of the company’s stock valued at $35,555,000 after purchasing an additional 225,063 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AEP shares. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the company from $98.00 to $104.00 in a research report on Monday. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

AEP opened at $95.12 on Thursday. The company has a market capitalization of $50.62 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 2.70 and a beta of 0.56. The business’s 50-day moving average price is $94.52 and its two-hundred day moving average price is $96.78. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were paid a $0.93 dividend. This is a boost 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 yield of 3.91%. American Electric Power’s payout ratio is presently 74.55%.

American Electric Power Company 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.