Thurston Springer Miller Herd & Titak Inc. Purchases 113 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,408 shares of the company’s stock after buying an additional 113 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in American Electric Power were worth $130,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC raised its holdings in shares of American Electric Power by 8.0% in the 4th quarter. Park Avenue Securities LLC now owns 29,895 shares of the company’s stock worth $2,757,000 after acquiring an additional 2,208 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of American Electric Power by 140.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 385,499 shares of the company’s stock worth $35,555,000 after purchasing an additional 225,063 shares during the last quarter. SS&H Financial Advisors Inc. lifted its holdings in shares of American Electric Power by 3.4% in the fourth quarter. SS&H Financial Advisors Inc. now owns 14,942 shares of the company’s stock valued at $1,379,000 after purchasing an additional 486 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its position in shares of American Electric Power by 0.3% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 145,796 shares of the company’s stock valued at $13,447,000 after buying an additional 500 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in American Electric Power by 9.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,883 shares of the company’s stock worth $543,000 after buying an additional 501 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.8 %

Shares of NASDAQ AEP opened at $96.82 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization of $51.52 billion, a PE ratio of 19.40, a P/E/G ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The business’s fifty day moving average price is $94.50 and its 200-day moving average price is $96.77.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date was 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 yield of 3.84%. American Electric Power’s dividend payout ratio is 74.55%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective on the stock. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. 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 research report on Thursday, November 7th. Barclays cut their target price on 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. Finally, UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.00.

About American Electric Power

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.