American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the company’s stock after acquiring an additional 112 shares during the quarter. GHP Investment Advisors Inc.’s holdings in American Electric Power were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $33,000. Reston Wealth Management LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $48,000. Decker Retirement Planning Inc. purchased a new position in American Electric Power during the fourth quarter worth $49,000. Finally, Friedenthal Financial acquired a new position in shares of American Electric Power in the third quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $100.35 on Friday. The stock has a market capitalization of $53.40 billion, a P/E ratio of 20.11, a PEG ratio of 2.79 and a beta of 0.58. 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 business’s fifty day moving average price is $95.10 and its 200 day moving average price is $97.70. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18.

American Electric Power Dividend Announcement

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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is currently 74.55%.

Analyst Ratings Changes

A number of analysts recently commented on AEP shares. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets lowered their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. UBS Group boosted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Wells Fargo & Company decreased their target price 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.00.

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.