Brooklyn Investment Group Has $322,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Brooklyn Investment Group boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,490 shares of the company’s stock after buying an additional 194 shares during the quarter. Brooklyn Investment Group’s holdings in American Electric Power were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the third quarter valued at about $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power during the third quarter worth about $48,000. Friedenthal Financial bought a new position in American Electric Power in the 3rd quarter valued at approximately $50,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in American Electric Power during the 3rd quarter worth approximately $50,000. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the subject of several analyst reports. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Evercore ISI reduced their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $97.25 on Friday. The business has a 50-day simple moving average of $94.52 and a 200 day simple moving average of $96.84. American Electric Power Company, Inc. has a one year low of $75.22 and a one 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. The firm has a market capitalization of $51.75 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.83%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

About American Electric Power

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.