Newbridge Financial Services Group Inc. Makes New Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, HoldingsChannel reports. The firm bought 384 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors have also recently made changes to their positions in AEP. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power during the third quarter worth $33,000. Reston Wealth Management LLC purchased a new stake in shares of American Electric Power during the third quarter worth $48,000. Decker Retirement Planning Inc. purchased a new stake in shares of American Electric Power during the fourth quarter worth $49,000. Finally, Friedenthal Financial purchased a new stake in shares of American Electric Power during the third quarter worth $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEP. Evercore ISI dropped 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. Wells Fargo & Company lowered their price objective on 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. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lowered 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. Finally, UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Trading Up 1.0 %

NASDAQ AEP opened at $101.88 on Wednesday. The stock’s 50-day simple moving average is $95.16 and its two-hundred day simple moving average is $97.83. American Electric Power Company, Inc. has a twelve month low of $76.31 and a twelve month high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.84 and a beta of 0.58.

American Electric Power Announces Dividend

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 given 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 yield of 3.65%. American Electric Power’s payout ratio is 74.55%.

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.