American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Albion Financial Group UT

Albion Financial Group UT lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,132 shares of the company’s stock after buying an additional 112 shares during the quarter. Albion Financial Group UT’s holdings in American Electric Power were worth $1,119,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AEP. State Street Corp boosted its holdings in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after acquiring an additional 352,588 shares in the last quarter. FMR LLC grew its position in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of American Electric Power by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock valued at $466,191,000 after purchasing an additional 341,846 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after purchasing an additional 1,962,125 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AEP. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Morgan Stanley dropped 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 report on Friday, November 22nd. UBS Group upped their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Trading Up 0.6 %

Shares of AEP opened at $97.81 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a market capitalization of $52.05 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.76 and a beta of 0.56. The firm has a 50-day moving average price of $94.68 and a 200 day moving average price of $97.11. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.80%. American Electric Power’s 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.