Asset Management One Co. Ltd. Raises Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Asset Management One Co. Ltd. increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,738 shares of the company’s stock after purchasing an additional 2,701 shares during the period. Asset Management One Co. Ltd.’s holdings in American Electric Power were worth $20,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC lifted its position in shares of American Electric Power by 57.2% during 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 in the last quarter. E Fund Management Co. Ltd. increased its stake in American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after buying an additional 105 shares during the period. Roanoke Asset Management Corp NY lifted its holdings in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after buying an additional 110 shares in the last quarter. Bank of Stockton grew its stake in shares of American Electric Power by 2.2% during the second quarter. Bank of Stockton now owns 5,062 shares of the company’s stock valued at $444,000 after acquiring an additional 111 shares in the last quarter. Finally, First United Bank & Trust grew its stake in shares of American Electric Power by 17.1% during the third quarter. First United Bank & Trust now owns 766 shares of the company’s stock valued at $79,000 after acquiring an additional 112 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 2.0 %

AEP stock opened at $100.40 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm’s 50-day simple moving average is $100.67 and its 200 day simple moving average is $94.65. The stock has a market cap of $53.42 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a fifty-two week low of $74.97 and a fifty-two week high of $105.18.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.71%. American Electric Power’s payout ratio is currently 70.12%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. BMO Capital Markets increased their target price on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Scotiabank lifted their price target on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price objective on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Bank of America boosted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.43.

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.