Centennial Wealth Advisory LLC Raises Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Centennial Wealth Advisory LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,807 shares of the company’s stock after buying an additional 535 shares during the period. Centennial Wealth Advisory LLC’s holdings in American Electric Power were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NovaPoint Capital LLC raised its position in shares of American Electric Power by 6.9% in the fourth quarter. NovaPoint Capital LLC now owns 9,215 shares of the company’s stock worth $850,000 after buying an additional 592 shares in the last quarter. Crewe Advisors LLC raised its position in shares of American Electric Power by 21.2% in the fourth quarter. Crewe Advisors LLC now owns 708 shares of the company’s stock worth $65,000 after buying an additional 124 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of American Electric Power by 18.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,597 shares of the company’s stock worth $240,000 after buying an additional 402 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in American Electric Power by 21.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,000 shares of the company’s stock valued at $14,056,000 after acquiring an additional 27,108 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its stake in American Electric Power by 22.3% in the fourth quarter. Spirit of America Management Corp NY now owns 13,450 shares of the company’s stock valued at $1,240,000 after acquiring an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $99.39 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average of $95.09 and a 200-day moving average of $97.68. The firm has a market cap of $52.89 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.79 and a beta of 0.58. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.74%. American Electric Power’s dividend payout ratio is currently 74.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating 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 on the stock in a research note on Friday, January 10th. Wells Fargo & Company reduced 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 note on Thursday, November 7th. Evercore ISI reduced 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 note on Thursday, November 7th. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.