4,705 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,705 shares of the company’s stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. Brookstone Capital Management lifted its stake in American Electric Power by 0.7% in the 4th quarter. Brookstone Capital Management now owns 128,220 shares of the company’s stock worth $11,826,000 after purchasing an additional 836 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of American Electric Power by 61.9% in the fourth quarter. Trust Co. of Toledo NA OH now owns 18,653 shares of the company’s stock worth $1,720,000 after buying an additional 7,131 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth about $242,000. Czech National Bank boosted its stake in American Electric Power by 6.5% during the fourth quarter. Czech National Bank now owns 115,471 shares of the company’s stock valued at $10,650,000 after buying an additional 7,073 shares during the last quarter. Finally, HBW Advisory Services LLC grew its holdings in American Electric Power by 1.1% during the 4th quarter. HBW Advisory Services LLC now owns 27,538 shares of the company’s stock valued at $2,540,000 after buying an additional 304 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AEP. Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price for the company. BMO Capital Markets dropped their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group upped 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 report on Thursday, November 7th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 0.8 %

AEP stock traded up $0.73 during trading on Monday, hitting $94.24. The company had a trading volume of 2,581,425 shares, compared to its average volume of 3,194,089. The firm has a market capitalization of $50.15 billion, a P/E ratio of 18.89, a PEG ratio of 2.70 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18. The company has a 50 day simple moving average of $94.72 and a 200-day simple moving average of $96.69.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is currently 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.