1834 Investment Advisors Co. Has $809,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

1834 Investment Advisors Co. lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,887 shares of the company’s stock after selling 992 shares during the quarter. 1834 Investment Advisors Co.’s holdings in American Electric Power were worth $809,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AEP. Norden Group LLC bought a new stake in American Electric Power during the first quarter worth $419,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in American Electric Power by 25.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,417 shares of the company’s stock worth $1,069,000 after buying an additional 2,533 shares in the last quarter. Advisory Alpha LLC grew its holdings in American Electric Power by 6.6% during the first quarter. Advisory Alpha LLC now owns 4,548 shares of the company’s stock worth $392,000 after buying an additional 283 shares in the last quarter. Manchester Capital Management LLC grew its holdings in American Electric Power by 10.7% during the first quarter. Manchester Capital Management LLC now owns 1,786 shares of the company’s stock worth $154,000 after buying an additional 172 shares in the last quarter. Finally, Duality Advisers LP bought a new stake in American Electric Power during the first quarter worth $6,484,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ:AEP opened at $96.25 on Thursday. The business’s 50-day moving average price is $100.71 and its two-hundred day moving average price is $94.77. American Electric Power Company, Inc. has a twelve month low of $74.97 and a twelve month high of $105.18. The stock has a market cap of $51.22 billion, a P/E ratio of 19.17, a PEG ratio of 2.78 and a beta of 0.55. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53.

American Electric Power Increases Dividend

The company 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 of this dividend is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.86%. American Electric Power’s dividend payout ratio is 74.10%.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent analyst reports. Guggenheim upped their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. BMO Capital Markets upped their price target on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group assumed coverage on American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Bank of America upped their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, Barclays upped their price target on American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.43.

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.