American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Fiduciary Trust Co

Fiduciary Trust Co raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,147 shares of the company’s stock after purchasing an additional 1,159 shares during the period. Fiduciary Trust Co’s holdings in American Electric Power were worth $4,119,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. LRI Investments LLC increased its position in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares during the period. Briaud Financial Planning Inc increased its position in shares of American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after acquiring an additional 150 shares during the period. Reston Wealth Management LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at $48,000. Finally, Friedenthal Financial acquired a new position in shares of American Electric Power in the 3rd quarter valued at $50,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.6 %

AEP opened at $99.89 on Friday. 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 quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $98.77 and a 200 day moving average price of $95.70. The company has a market cap of $53.15 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.83 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is 74.55%.

Analyst Ratings Changes

Several research firms recently issued reports on AEP. Barclays cut their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Jefferies Financial Group began coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price on the stock. BMO Capital Markets cut their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Evercore ISI lowered 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 report on Thursday, November 7th. Finally, Morgan Stanley lowered their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Two 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.93.

About American Electric Power

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.