American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Rockline Wealth Management LLC

Rockline Wealth Management LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,900 shares of the company’s stock after acquiring an additional 2,119 shares during the period. Rockline Wealth Management LLC’s holdings in American Electric Power were worth $2,665,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its position in shares of American Electric Power by 10,177.1% during the 3rd 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 during the last quarter. Janus Henderson Group PLC lifted its position 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 acquiring an additional 1,962,125 shares in the last quarter. State Street Corp boosted its stake in shares of American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. FMR LLC increased its position 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 purchasing an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in American Electric Power in the 3rd quarter valued at about $80,207,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

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 twelve month low of $75.22 and a twelve month high of $105.18. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.79 and a beta of 0.56. 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 company has a fifty day moving average price of $95.11 and a 200 day moving average price of $97.60.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.74%. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Analyst Ratings Changes

AEP has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Barclays reduced 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. BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $98.00.

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.