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

HBW Advisory Services LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,538 shares of the company’s stock after purchasing an additional 304 shares during the period. HBW Advisory Services LLC’s holdings in American Electric Power were worth $2,540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC boosted its position in shares of American Electric Power by 70.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 6,983 shares of the company’s stock worth $613,000 after buying an additional 2,882 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $1,653,000. Caprock Group LLC increased its stake in shares of American Electric Power by 111.5% during the 2nd quarter. Caprock Group LLC now owns 6,678 shares of the company’s stock worth $586,000 after purchasing an additional 3,521 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of American Electric Power during the 2nd quarter worth approximately $110,000. Finally, Choreo LLC lifted its stake in American Electric Power by 183.6% in the 2nd quarter. Choreo LLC now owns 21,534 shares of the company’s stock valued at $1,880,000 after buying an additional 13,940 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays cut their price target 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. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Morgan Stanley cut their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Evercore ISI lowered their target price on shares of 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.60.

American Electric Power Stock Performance

Shares of NASDAQ:AEP traded up $1.14 during trading on Friday, reaching $93.40. 4,656,210 shares of the company’s stock traded hands, compared to its average volume of 2,785,815. The stock 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 12 month low of $75.22 and a 12 month high of $105.18. The company has a 50 day moving average of $94.79 and a 200-day moving average of $96.52. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.98%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.