American Electric Power Company, Inc. (NASDAQ:AEP) Position Increased by Chicago Capital LLC

Chicago Capital LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,055 shares of the company’s stock after acquiring an additional 409 shares during the period. Chicago Capital LLC’s holdings in American Electric Power were worth $651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank lifted its position in shares of American Electric Power by 7.9% in the 3rd quarter. Czech National Bank now owns 108,398 shares of the company’s stock valued at $11,122,000 after acquiring an additional 7,950 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of American Electric Power by 23.9% in the third quarter. GAMMA Investing LLC now owns 15,520 shares of the company’s stock valued at $1,592,000 after purchasing an additional 2,994 shares in the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of American Electric Power in the third quarter worth $246,000. Marathon Strategic Advisors LLC grew its holdings in shares of American Electric Power by 74.7% during the third quarter. Marathon Strategic Advisors LLC now owns 7,027 shares of the company’s stock valued at $721,000 after buying an additional 3,005 shares in the last quarter. Finally, Security National Bank acquired a new position in American Electric Power during the third quarter valued at $130,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEP. Wells Fargo & Company dropped their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Barclays dropped their price objective on shares of 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. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Evercore ISI reduced their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Up 1.0 %

Shares of American Electric Power stock opened at $99.36 on Tuesday. 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 quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $95.11 and a two-hundred day moving average price of $97.60. The stock has a market capitalization of $52.87 billion, a P/E ratio of 19.91, a PEG ratio of 2.79 and a beta of 0.56.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $0.93 dividend. 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 3.74%. American Electric Power’s payout ratio is presently 74.55%.

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.