Prudent Man Advisors LLC Lowers Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Prudent Man Advisors LLC cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,967 shares of the company’s stock after selling 2,075 shares during the period. Prudent Man Advisors LLC’s holdings in American Electric Power were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. HHM Wealth Advisors LLC grew its position in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of American Electric Power during the 1st quarter valued at approximately $37,000. Briaud Financial Planning Inc lifted its stake in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Reston Wealth Management LLC bought a new position in American Electric Power during the third quarter worth $48,000. Finally, Friedenthal Financial acquired a new position in American Electric Power in the third quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $96.31 on Monday. The company’s fifty day moving average is $99.74 and its two-hundred day moving average is $95.26. The company has a market cap of $51.25 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. 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 declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AEP. Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Evercore ISI dropped 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 note on Thursday, November 7th. BMO Capital Markets decreased their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Finally, Guggenheim boosted their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued 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 Company 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.