Certified Advisory Corp Has $1.05 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Certified Advisory Corp increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,191 shares of the company’s stock after acquiring an additional 120 shares during the period. Certified Advisory Corp’s holdings in American Electric Power were worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pathway Financial Advisers LLC grew its stake in shares of American Electric Power by 10,177.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares in the last quarter. Zimmer Partners LP grew its position in American Electric Power by 578.2% in the first quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock valued at $83,948,000 after purchasing an additional 831,235 shares in the last quarter. Raymond James & Associates increased its stake in American Electric Power by 51.1% in the 2nd quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock valued at $161,877,000 after buying an additional 623,789 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in American Electric Power by 1,140.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock worth $40,070,000 after buying an additional 419,870 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of American Electric Power by 8,396.3% during the 3rd quarter. International Assets Investment Management LLC now owns 351,918 shares of the company’s stock worth $361,070,000 after buying an additional 347,776 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $97.59 on Friday. The firm has a market cap of $51.93 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.83 and a beta of 0.55. The business’s 50 day moving average is $99.11 and its 200-day moving average is $95.50. 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 Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Analysts Set New Price Targets

AEP has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. 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 research note on Thursday, November 7th. Bank of America raised their target price on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Jefferies Financial Group began coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Finally, BMO Capital Markets decreased their price objective on shares of American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.