Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,281 shares of the company’s stock after acquiring an additional 646 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in American Electric Power were worth $2,239,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AEP. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the 3rd quarter worth $33,000. Reston Wealth Management LLC bought a new position in shares of American Electric Power during the 3rd quarter worth $48,000. Decker Retirement Planning Inc. bought a new position in shares of American Electric Power during the 4th quarter worth $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power in the third quarter valued at about $50,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.3 %

NASDAQ AEP opened at $98.36 on Monday. 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 fifty day simple moving average of $95.11 and a two-hundred day simple moving average of $97.57. 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 market cap of $52.34 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.78 and a beta of 0.56.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.78%. American Electric Power’s dividend payout ratio is currently 74.55%.

Analyst Ratings Changes

Several research analysts have issued reports on AEP shares. Barclays dropped their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets cut their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average price target of $98.00.

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.