Capital Investment Advisors LLC Has $5.13 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Investment Advisors LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,636 shares of the company’s stock after selling 1,155 shares during the quarter. Capital Investment Advisors LLC’s holdings in American Electric Power were worth $5,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at $48,000. Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at $50,000. Finally, Friedenthal Financial bought a new stake in shares of American Electric Power in the 3rd quarter valued at $50,000. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AEP. Barclays cut 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 research note on Tuesday, November 26th. Jefferies Financial Group began coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Morgan Stanley cut their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets cut their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

Shares of AEP stock opened at $94.54 on Tuesday. The firm has a 50-day moving average of $94.64 and a 200-day moving average of $96.74. The company has a market cap of $50.31 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.70 and a beta of 0.56. 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 Company, Inc. has a one year low of $75.22 and a one year high of $105.18.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a $0.93 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.93%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is currently 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.