American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,514 shares of the company’s stock after selling 203 shares during the period. International Private Wealth Advisors LLC’s holdings in American Electric Power were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AEP. Bleakley Financial Group LLC lifted its position in shares of American Electric Power by 6.7% during the 1st quarter. Bleakley Financial Group LLC now owns 18,293 shares of the company’s stock valued at $1,575,000 after acquiring an additional 1,148 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of American Electric Power by 17.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 664,304 shares of the company’s stock valued at $57,197,000 after purchasing an additional 96,645 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of American Electric Power by 1.0% in the first quarter. Kingsview Wealth Management LLC now owns 13,288 shares of the company’s stock valued at $1,144,000 after purchasing an additional 136 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of American Electric Power by 2.7% in the first quarter. HBK Sorce Advisory LLC now owns 9,123 shares of the company’s stock valued at $786,000 after purchasing an additional 237 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of American Electric Power by 1.3% in the first quarter. Blair William & Co. IL now owns 39,804 shares of the company’s stock valued at $3,427,000 after purchasing an additional 522 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Price Performance

American Electric Power stock traded up $0.45 during mid-day trading on Thursday, hitting $93.78. 218,524 shares of the company were exchanged, compared to its average volume of 3,141,012. 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 business has a fifty day moving average of $100.04 and a 200 day moving average of $95.09. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a market capitalization of $49.90 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.93 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AEP. BMO Capital Markets reduced their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company dropped their price target on shares of 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. Jefferies Financial Group began coverage on shares of American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Finally, Barclays upped their price target on shares of American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.27.

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.