Mirador Capital Partners LP Acquires 171 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Mirador Capital Partners LP boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,745 shares of the company’s stock after purchasing an additional 171 shares during the quarter. Mirador Capital Partners LP’s holdings in American Electric Power were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares during the period. Janus Henderson Group PLC increased its stake in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. State Street Corp grew its holdings in American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. FMR LLC lifted its holdings in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after buying an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of American Electric Power in the 3rd quarter valued at about $80,207,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $95.05 on Thursday. 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 market capitalization of $50.58 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The business’s fifty day simple moving average is $94.52 and its 200 day simple moving average is $96.78. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a $0.93 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.91%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $104.00 in a report on Monday. UBS Group increased their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Barclays reduced their price objective 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, November 26th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Evercore ISI cut their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.00.

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.