Coldstream Capital Management Inc. Has $877,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Coldstream Capital Management Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,643 shares of the company’s stock after purchasing an additional 934 shares during the quarter. Coldstream Capital Management Inc.’s holdings in American Electric Power were worth $877,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp raised its stake 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 during the period. Geode Capital Management LLC raised its stake in American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after buying an additional 352,588 shares during the period. FMR LLC raised its stake 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 buying an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC raised its stake in American Electric Power by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock worth $466,191,000 after buying an additional 341,846 shares during the period. Finally, Janus Henderson Group PLC raised its stake in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after buying an additional 1,962,125 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $92.85 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization 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 business has a 50-day moving average of $97.65 and a 200-day moving average of $96.03.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 4.01%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday. Finally, BMO Capital Markets increased their target price on American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.13.

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.