American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 145,796 shares of the company’s stock after purchasing an additional 500 shares during the quarter. American Electric Power accounts for 2.3% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 12th largest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in American Electric Power were worth $13,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power during the 3rd quarter valued at about $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the 3rd quarter worth about $48,000. Friedenthal Financial acquired a new stake in shares of American Electric Power in the third quarter worth approximately $50,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $50,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $94.50 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The stock has a market cap of $50.29 billion, a P/E ratio of 18.94, a PEG ratio of 2.70 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The firm has a 50-day moving average of $94.52 and a two-hundred day moving average of $96.78.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.94%. American Electric Power’s payout ratio is currently 74.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $104.00 in a report on Monday. Finally, Jefferies Financial Group initiated coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.