Mark Sheptoff Financial Planning LLC Acquires 200 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Mark Sheptoff Financial Planning LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,125 shares of the company’s stock after buying an additional 200 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in American Electric Power were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgestream Partners L.P. increased its stake in American Electric Power by 258.9% during the third quarter. Edgestream Partners L.P. now owns 55,434 shares of the company’s stock valued at $5,688,000 after acquiring an additional 39,989 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in American Electric Power in the 3rd quarter valued at $19,550,000. Rockefeller Capital Management L.P. grew its holdings in shares of American Electric Power by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 114,567 shares of the company’s stock worth $11,753,000 after purchasing an additional 6,928 shares during the last quarter. Martingale Asset Management L P increased its holdings in American Electric Power by 1,407.1% during the 3rd quarter. Martingale Asset Management L P now owns 112,820 shares of the company’s stock valued at $11,575,000 after purchasing an additional 105,334 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its stake in shares of American Electric Power by 31.9% in the third quarter. Northwest & Ethical Investments L.P. now owns 225,992 shares of the company’s stock worth $23,187,000 after acquiring an additional 54,671 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $99.86 on Friday. The company has a market capitalization of $53.14 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.88 and a beta of 0.55. 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 Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock’s 50 day moving average is $98.72 and its 200-day moving average is $95.79.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.73%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Scotiabank increased their target price on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group started coverage on American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. Finally, Evercore ISI cut their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $97.93.

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.