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

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,281 shares of the company’s stock after purchasing an additional 646 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in American Electric Power were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power during the third quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new position in American Electric Power in the third quarter valued at approximately $48,000. Friedenthal Financial purchased a new stake in American Electric Power in the 3rd quarter worth approximately $50,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth approximately $50,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEP shares. BMO Capital Markets lowered 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. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped 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 report on Tuesday, November 26th. Evercore ISI lowered their price target on 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. Finally, UBS Group boosted their price objective 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, American Electric Power has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.3 %

AEP stock opened at $98.36 on Monday. 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 50-day moving average of $95.11 and a two-hundred day moving average of $97.57. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company has a market cap of $52.34 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.78 and a beta of 0.56.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.78%. American Electric Power’s payout ratio is 74.55%.

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.