J2 Capital Management Inc Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

J2 Capital Management Inc acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,548 shares of the company’s stock, valued at approximately $419,000.

Several other large investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the 3rd quarter worth approximately $33,000. Reston Wealth Management LLC bought a new stake in American Electric Power during the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. purchased a new position in American Electric Power during the fourth quarter valued at approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $50,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEP. BMO Capital Markets decreased their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Evercore ISI reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $97.25 on Friday. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The company has a market capitalization of $51.75 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The stock’s fifty day moving average is $94.52 and its two-hundred day moving average is $96.84. 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. Shareholders of record on Friday, November 8th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.83%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. American Electric Power’s payout ratio is 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.