Capital Advisors Inc. OK Purchases 448 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Advisors Inc. OK increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 7,731 shares of the company’s stock after purchasing an additional 448 shares during the period. Capital Advisors Inc. OK’s holdings in American Electric Power were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its stake in American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after purchasing an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares during the last quarter. State Street Corp lifted its position in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. FMR LLC grew its holdings in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in American Electric Power in the 3rd quarter valued at about $80,207,000. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AEP shares. Morgan Stanley reduced their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Evercore ISI reduced their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Up 0.5 %

Shares of NASDAQ AEP opened at $102.35 on Thursday. American Electric Power Company, Inc. has a 52-week low of $77.51 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The stock has a market cap of $54.46 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.84 and a beta of 0.58. The firm has a 50 day moving average price of $95.26 and a 200 day moving average price of $97.86.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

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.