3,482 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,482 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in American Electric Power during the third quarter valued at approximately $33,000. Reston Wealth Management LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $48,000. Future Financial Wealth Managment LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $50,000. Finally, Friedenthal Financial 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Barclays cut their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Evercore ISI dropped their price target 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. Finally, Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Trading Down 0.0 %

Shares of American Electric Power stock 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 company’s fifty day simple moving average is $94.52 and its 200-day simple moving average is $96.78. The stock has a market capitalization of $50.29 billion, a PE ratio of 18.94, a P/E/G 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.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.94%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) 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.