Caisse DE Depot ET Placement DU Quebec Acquires Shares of 190,542 American Electric Power Company, Inc. (NASDAQ:AEP)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 190,542 shares of the company’s stock, valued at approximately $19,550,000.

Other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC raised its holdings in American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares during the last quarter. LRI Investments LLC increased its holdings in shares of American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the last quarter. Briaud Financial Planning Inc boosted its stake in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Naples Money Management LLC acquired a new position in American Electric Power during the second quarter worth $44,000. Finally, Opal Wealth Advisors LLC purchased a new stake in American Electric Power in the 2nd quarter valued at $48,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.0 %

Shares of AEP stock opened at $99.86 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The stock has a market capitalization of $53.14 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.88 and a beta of 0.55. The company has a 50 day moving average price of $98.72 and a 200 day moving average price of $95.82.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 dividend on an annualized basis and a yield of 3.73%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of 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. Bank of America boosted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Evercore ISI cut their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. BMO Capital Markets decreased their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Jefferies Financial Group started coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.93.

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.