Barclays PLC Buys 213,153 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Barclays PLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,249,203 shares of the company's stock after buying an additional 213,153 shares during the period. Barclays PLC owned about 0.42% of American Electric Power worth $230,764,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in American Electric Power in the 3rd quarter worth about $25,000. HHM Wealth Advisors LLC increased its stake in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the third quarter valued at approximately $33,000. LRI Investments LLC lifted its stake in shares of American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company's stock valued at $35,000 after buying an additional 365 shares in the last quarter. Finally, Briaud Financial Planning Inc boosted its holdings in American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock worth $38,000 after buying an additional 150 shares during the period. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Barclays cut their target price 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. BMO Capital Markets raised their price objective on shares of American Electric Power from $104.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. UBS Group upped 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. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group started coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a "hold" rating and a $107.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $98.20.

American Electric Power Stock Down 0.5 %

Shares of AEP stock traded down $0.48 during mid-day trading on Tuesday, reaching $95.10. 2,045,338 shares of the company's stock traded hands, compared to its average volume of 3,108,435. The company's 50-day moving average price is $98.13 and its 200-day moving average price is $96.03. The company has a market cap of $50.60 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.77 and a beta of 0.55. 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 Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from American Electric Power's previous quarterly dividend of $0.88. American Electric Power's dividend 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.