1834 Investment Advisors Co. Has $707,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

1834 Investment Advisors Co. cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,663 shares of the company’s stock after selling 224 shares during the quarter. 1834 Investment Advisors Co.’s holdings in American Electric Power were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of American Electric Power by 10.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 26,743 shares of the company’s stock worth $2,346,000 after buying an additional 2,593 shares in the last quarter. Marshall Wace LLP purchased a new position in American Electric Power in the second quarter worth $19,852,000. AXA S.A. grew its position in American Electric Power by 8.2% during the second quarter. AXA S.A. now owns 34,500 shares of the company’s stock valued at $3,027,000 after buying an additional 2,610 shares during the period. AQR Capital Management LLC increased its stake in shares of American Electric Power by 37.1% during the 2nd quarter. AQR Capital Management LLC now owns 189,119 shares of the company’s stock worth $16,593,000 after purchasing an additional 51,217 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of American Electric Power in the second quarter valued at $248,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP opened at $98.18 on Friday. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18. The company has a fifty day moving average of $94.87 and a 200-day moving average of $97.26. The company has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.77 and a beta of 0.56. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AEP shares. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and boosted their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday. Evercore ISI decreased 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. BMO Capital Markets reduced their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Barclays lowered their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.