American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Apella Capital LLC

Apella Capital LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 4,405 shares of the company’s stock after buying an additional 133 shares during the quarter. Apella Capital LLC’s holdings in American Electric Power were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power during the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in American Electric Power during the 3rd quarter worth approximately $48,000. Friedenthal Financial purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $50,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of American Electric Power in the third quarter valued at approximately $50,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.7 %

AEP opened at $95.12 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a market cap of $50.62 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.70 and a beta of 0.56. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The business’s fifty day moving average is $94.52 and its two-hundred day moving average is $96.78.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.91%. American Electric Power’s payout ratio is currently 74.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AEP shares. Evercore ISI lowered their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley lowered 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 report on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price target for the company. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $104.00 in a report on Monday. Finally, UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. One 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.com, the company has a consensus rating of “Hold” and a consensus price target of $98.00.

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.