Coldstream Capital Management Inc. Has $877,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Coldstream Capital Management Inc. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.1% in the third quarter, Holdings Channel reports. The institutional investor owned 8,643 shares of the company’s stock after buying an additional 934 shares during the period. Coldstream Capital Management Inc.’s holdings in American Electric Power were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Geode Capital Management LLC increased its stake in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock valued at $1,280,655,000 after acquiring an additional 352,588 shares during the last quarter. Brophy Wealth Management LLC bought a new position in American Electric Power in the third quarter valued at approximately $226,000. Vestcor Inc increased its stake in American Electric Power by 6.6% in the third quarter. Vestcor Inc now owns 58,959 shares of the company’s stock valued at $6,049,000 after acquiring an additional 3,636 shares during the last quarter. Executive Wealth Management LLC bought a new position in American Electric Power in the third quarter valued at approximately $1,788,000. Finally, Barclays PLC increased its stake in American Electric Power by 10.5% in the third quarter. Barclays PLC now owns 2,249,203 shares of the company’s stock valued at $230,764,000 after acquiring an additional 213,153 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEP. 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 objective on the stock. Barclays decreased their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research note on Thursday. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $97.13.

American Electric Power Stock Performance

NASDAQ AEP opened at $92.85 on Friday. The company has a market capitalization of $49.41 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.77 and a beta of 0.55. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The stock has a fifty day simple moving average of $97.65 and a 200 day simple moving average of $96.03. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 4.01%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. American Electric Power’s dividend payout ratio is presently 74.55%.

About American Electric Power

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.