OneDigital Investment Advisors LLC Purchases 426 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

OneDigital Investment Advisors LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,627 shares of the company’s stock after purchasing an additional 426 shares during the period. OneDigital Investment Advisors LLC’s holdings in American Electric Power were worth $1,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEP. Lazard Asset Management LLC boosted its stake in shares of American Electric Power by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock valued at $739,303,000 after purchasing an additional 776,965 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of American Electric Power by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock valued at $466,191,000 after acquiring an additional 341,846 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in American Electric Power by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company’s stock valued at $296,433,000 after purchasing an additional 35,769 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after buying an additional 1,963,154 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of American Electric Power by 51.1% in the second quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock valued at $161,877,000 after purchasing an additional 623,789 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $96.49 on Tuesday. The firm has a market capitalization of $51.34 billion, a PE ratio of 19.34, a P/E/G ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a 50 day moving average of $99.60 and a two-hundred day moving average of $95.32. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is currently 74.55%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Guggenheim boosted their price target on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Evercore ISI dropped their price objective 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. UBS Group raised their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company lowered their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $98.27.

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.