CFS Investment Advisory Services LLC Acquires 799 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

CFS Investment Advisory Services LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,307 shares of the company’s stock after purchasing an additional 799 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in American Electric Power were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power in the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $98.18 on Friday. The stock has a 50-day simple moving average of $94.87 and a 200 day simple moving average of $97.19. The stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 2.77 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. American Electric Power’s payout ratio is 74.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEP. Barclays decreased their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. UBS Group increased their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Finally, Evercore ISI dropped their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.

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.