American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 274.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,566 shares of the company’s stock after purchasing an additional 23,142 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American Electric Power were worth $3,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of American Electric Power by 2.0% in the second quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock valued at $464,000 after buying an additional 105 shares during the period. XML Financial LLC boosted its stake in American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after buying an additional 106 shares in the last quarter. Garrison Asset Management LLC grew its holdings in American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after acquiring an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY raised its position in American Electric Power by 2.2% in the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after acquiring an additional 110 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AEP. Bank of America raised their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company reduced their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. UBS Group raised 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. Finally, Barclays boosted their target price on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $97.59 on Monday. The stock has a market capitalization of $51.93 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.83 and a beta of 0.55. The business has a 50-day moving average of $99.11 and a two-hundred day moving average of $95.54. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.81%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend 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.