Brandywine Oak Private Wealth LLC Has $1.26 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Brandywine Oak Private Wealth LLC reduced its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,658 shares of the company’s stock after selling 316 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in American Electric Power were worth $1,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its position in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the last quarter. Janus Henderson Group PLC lifted its stake in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after purchasing an additional 1,962,125 shares during the last quarter. State Street Corp boosted its stake in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. FMR LLC grew its holdings in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in American Electric Power in the 3rd quarter worth about $80,207,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on AEP. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 1.5 %

Shares of NASDAQ:AEP opened at $99.39 on Thursday. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The business’s 50-day moving average is $95.09 and its 200 day moving average is $97.68. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The firm has a market capitalization of $52.89 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.79 and a beta of 0.58.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 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.