Simon Quick Advisors LLC Raises Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Simon Quick Advisors LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 22.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,300 shares of the company’s stock after buying an additional 780 shares during the quarter. Simon Quick Advisors LLC’s holdings in American Electric Power were worth $397,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust raised its position in shares of American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after buying an additional 5,771 shares during the last quarter. J2 Capital Management Inc purchased a new stake in American Electric Power in the 4th quarter worth approximately $419,000. Principal Financial Group Inc. raised its holdings in American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after acquiring an additional 19,081 shares during the last quarter. New England Asset Management Inc. purchased a new position in shares of American Electric Power during the 3rd quarter worth $3,404,000. Finally, ING Groep NV boosted its holdings in shares of American Electric Power by 244.3% during the third quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after purchasing an additional 208,974 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AEP shares. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Wells Fargo & Company cut their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a 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 for the company in a report on Friday, November 22nd. Evercore ISI cut their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group boosted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Trading Down 0.0 %

Shares of AEP opened at $97.47 on Friday. 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 Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a market cap of $51.87 billion, a PE ratio of 19.53, a P/E/G ratio of 2.78 and a beta of 0.56. The stock’s 50-day moving average is $94.76 and its two-hundred day moving average is $97.11.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 74.55%.

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.