American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by HBW Advisory Services LLC

HBW Advisory Services LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,538 shares of the company’s stock after buying an additional 304 shares during the quarter. HBW Advisory Services LLC’s holdings in American Electric Power were worth $2,540,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC raised its stake in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after buying an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC raised its position in 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 worth $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp lifted its holdings in American Electric Power by 4.3% in the 3rd 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 boosted its position in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power in the 3rd quarter worth approximately $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Finally, Evercore ISI dropped their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $96.60.

American Electric Power Stock Up 1.2 %

American Electric Power stock traded up $1.14 during trading hours on Friday, hitting $93.40. The company had a trading volume of 4,656,210 shares, compared to its average volume of 2,785,815. The firm’s fifty day moving average is $94.79 and its 200-day moving average is $96.52. The firm has a market capitalization of $49.70 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. 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.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.98%. American Electric Power’s dividend payout ratio (DPR) is presently 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.