Capasso Planning Partners LLC Has $238,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Capasso Planning Partners LLC cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 25.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,320 shares of the company’s stock after selling 782 shares during the quarter. Capasso Planning Partners LLC’s holdings in American Electric Power were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Diversified Trust Co increased its position in American Electric Power by 42.2% during the second quarter. Diversified Trust Co now owns 5,592 shares of the company’s stock worth $491,000 after acquiring an additional 1,660 shares during the period. ORG Partners LLC boosted its stake in shares of American Electric Power by 774.1% in the second quarter. ORG Partners LLC now owns 1,617 shares of the company’s stock valued at $141,000 after buying an additional 1,432 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in American Electric Power by 7.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,223 shares of the company’s stock worth $204,000 after buying an additional 158 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in American Electric Power by 1,140.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock valued at $40,070,000 after acquiring an additional 419,870 shares in the last quarter. Finally, Royal Fund Management LLC bought a new stake in shares of American Electric Power during the 2nd quarter valued at $1,070,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEP. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research note on Thursday. BMO Capital Markets lifted their price objective on shares of American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Jefferies Financial Group started coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. Morgan Stanley decreased their price target on 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. Finally, Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.13.

American Electric Power Stock Down 0.8 %

Shares of AEP opened at $92.85 on Friday. The stock’s 50-day moving average price is $97.65 and its two-hundred day moving average price is $96.03. 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 market capitalization of $49.41 billion, a PE ratio of 18.61, a PEG ratio of 2.70 and a beta of 0.55. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 4.01%. American Electric Power’s dividend payout ratio is presently 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.