American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Decreased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.2% in the third quarter, Holdings Channel.com reports. The firm owned 4,700 shares of the company’s stock after selling 479 shares during the period. Arete Wealth Advisors LLC’s holdings in American Electric Power were worth $482,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its stake in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. E Fund Management Co. Ltd. raised its stake in shares of American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after purchasing an additional 105 shares in the last quarter. XML Financial LLC raised its stake in American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after buying an additional 106 shares during the period. Garrison Asset Management LLC increased its stake in shares of American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after purchasing an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY lifted its holdings in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after acquiring an additional 110 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.8 %

AEP opened at $92.85 on Friday. The firm has a market cap of $49.41 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.77 and a beta of 0.55. 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 stock has a fifty day moving average price of $97.65 and a 200-day moving average price of $96.03. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a dividend yield of 4.01%. American Electric Power’s payout ratio is 74.55%.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group began coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price on the stock. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a research note on Thursday. BMO Capital Markets boosted their target price on shares of American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday. Finally, UBS Group boosted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.13.

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.