PSI Advisors LLC Has $103,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

PSI Advisors LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,113 shares of the company’s stock after buying an additional 107 shares during the period. PSI Advisors LLC’s holdings in American Electric Power were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its position in American Electric Power by 3.7% during the fourth quarter. AdvisorNet Financial Inc now owns 3,696 shares of the company’s stock worth $341,000 after buying an additional 133 shares in the last quarter. First Financial Corp IN increased its position in shares of American Electric Power by 242.3% during the fourth quarter. First Financial Corp IN now owns 671 shares of the company’s stock valued at $62,000 after purchasing an additional 475 shares during the period. Peddock Capital Advisors LLC boosted its stake in American Electric Power by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 6,904 shares of the company’s stock worth $637,000 after buying an additional 205 shares in the last quarter. Wedmont Private Capital increased its holdings in American Electric Power by 22.0% in the 4th quarter. Wedmont Private Capital now owns 6,165 shares of the company’s stock valued at $576,000 after buying an additional 1,111 shares during the period. Finally, Salem Investment Counselors Inc. increased its stake in American Electric Power by 1.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 79,146 shares of the company’s stock valued at $7,300,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.1 %

AEP opened at $94.54 on Tuesday. The firm has a 50 day simple moving average of $94.64 and a 200 day simple moving average of $96.74. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The company has a market cap of $50.31 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth 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 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 $0.93 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.72 dividend on an annualized basis 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 74.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AEP shares. BMO Capital Markets decreased their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group upped their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. 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, JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.00.

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.