Aviance Capital Partners LLC Grows Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Aviance Capital Partners LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 35.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,647 shares of the company’s stock after buying an additional 2,508 shares during the period. Aviance Capital Partners LLC’s holdings in American Electric Power were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its holdings in shares of American Electric Power by 57.2% in 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 during the last quarter. LRI Investments LLC grew its stake in 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 acquiring an additional 365 shares in the last quarter. Briaud Financial Planning Inc increased its position in shares of American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. Naples Money Management LLC bought a new stake in shares of American Electric Power during the second quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the second quarter valued at approximately $48,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Barclays lifted their price objective on American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, UBS Group increased 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 note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.27.

American Electric Power Stock Performance

Shares of AEP opened at $96.70 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market cap of $51.46 billion, a PE ratio of 19.38, a P/E/G ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a fifty day moving average price of $99.47 and a 200-day moving average price of $95.38.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.85%. American Electric Power’s dividend payout ratio (DPR) is 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.