KBC Group NV Increases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

KBC Group NV grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,546 shares of the company’s stock after purchasing an additional 5,722 shares during the quarter. KBC Group NV’s holdings in American Electric Power were worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Blair William & Co. IL grew its holdings in shares of American Electric Power by 1.3% during the first quarter. Blair William & Co. IL now owns 39,804 shares of the company’s stock worth $3,427,000 after buying an additional 522 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of American Electric Power by 60.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock valued at $4,285,000 after acquiring an additional 18,726 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in American Electric Power by 37.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,640 shares of the company’s stock valued at $313,000 after purchasing an additional 998 shares in the last quarter. National Bank of Canada FI grew its holdings in American Electric Power by 221.9% during the first quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after acquiring an additional 1,182,451 shares during the period. Finally, Vaughan David Investments LLC IL grew its stake in shares of American Electric Power by 1.3% during the 1st quarter. Vaughan David Investments LLC IL now owns 467,678 shares of the company’s stock worth $40,267,000 after purchasing an additional 5,813 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $96.31 on Monday. The business has a 50 day simple moving average of $99.74 and a 200-day simple moving average of $95.26. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a market capitalization of $51.25 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.78 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.93 dividend. The ex-dividend date of this dividend is 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 3.86%. American Electric Power’s payout ratio is 74.55%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America upped their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Jefferies Financial Group started coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price on the stock. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company dropped their price target on shares of 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. Finally, Guggenheim raised their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $98.27.

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.