Impact Partnership Wealth LLC Invests $791,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Impact Partnership Wealth LLC acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,577 shares of the company’s stock, valued at approximately $791,000.

Other large investors have also bought and sold shares of the company. XML Financial LLC grew its position in shares of 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 purchasing an additional 106 shares in the last quarter. PSI Advisors LLC lifted its holdings in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares in the last quarter. Garrison Asset Management LLC increased its holdings in American Electric Power by 0.6% during the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after acquiring an additional 109 shares during the period. Roanoke Asset Management Corp NY lifted its stake in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after purchasing an additional 110 shares in the last quarter. Finally, First United Bank & Trust increased its position in shares of American Electric Power by 17.1% in the third quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after purchasing an additional 112 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AEP shares. Morgan Stanley dropped their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company reduced their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Down 0.0 %

Shares of AEP stock opened at $97.47 on Friday. 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 company has a market cap of $51.87 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.77 and a beta of 0.56. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The firm has a fifty day moving average price of $94.83 and a 200-day moving average price of $97.12.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.82%. American Electric Power’s payout ratio is currently 74.55%.

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.