International Private Wealth Advisors LLC Has $361,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

International Private Wealth Advisors LLC cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,514 shares of the company’s stock after selling 203 shares during the quarter. International Private Wealth Advisors LLC’s holdings in American Electric Power were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mizuho Markets Americas LLC boosted its holdings in American Electric Power by 646.9% in the first quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock valued at $22,510,000 after acquiring an additional 226,435 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in American Electric Power by 60.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock valued at $4,285,000 after acquiring an additional 18,726 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in American Electric Power by 17.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 664,304 shares of the company’s stock valued at $57,197,000 after acquiring an additional 96,645 shares during the last quarter. OLD National Bancorp IN boosted its holdings in American Electric Power by 14.4% in the second quarter. OLD National Bancorp IN now owns 120,489 shares of the company’s stock valued at $10,572,000 after acquiring an additional 15,138 shares during the last quarter. Finally, MainStreet Investment Advisors LLC boosted its holdings in American Electric Power by 13.2% during the second quarter. MainStreet Investment Advisors LLC now owns 42,517 shares of the company’s stock worth $3,730,000 after buying an additional 4,971 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEP. Evercore ISI reduced their target price 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. Barclays raised their target price on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group began coverage on American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Guggenheim raised their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Bank of America raised their target price on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $98.27.

American Electric Power Stock Up 0.5 %

American Electric Power stock traded up $0.45 during midday trading on Thursday, reaching $93.78. The stock had a trading volume of 218,524 shares, compared to its average volume of 3,141,012. The firm’s fifty day simple moving average is $100.04 and its 200-day simple moving average is $95.09. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The stock has a market capitalization of $49.90 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.97%. 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. American Electric Power’s dividend payout ratio (DPR) is currently 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.