American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Swiss National Bank

Swiss National Bank boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,564,600 shares of the company's stock after purchasing an additional 6,700 shares during the period. Swiss National Bank owned about 0.29% of American Electric Power worth $160,528,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AEP. Blair William & Co. IL lifted its position in shares of American Electric Power by 1.3% in the 1st quarter. Blair William & Co. IL now owns 39,804 shares of the company's stock worth $3,427,000 after purchasing an additional 522 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of American Electric Power by 60.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company's stock worth $4,285,000 after purchasing an additional 18,726 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of American Electric Power by 37.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,640 shares of the company's stock worth $313,000 after purchasing an additional 998 shares during the period. National Bank of Canada FI lifted its position in American Electric Power by 221.9% during the first quarter. National Bank of Canada FI now owns 1,715,346 shares of the company's stock valued at $157,140,000 after acquiring an additional 1,182,451 shares during the last quarter. Finally, Vaughan David Investments LLC IL lifted its position in American Electric Power by 1.3% during the first quarter. Vaughan David Investments LLC IL now owns 467,678 shares of the company's stock valued at $40,267,000 after acquiring an additional 5,813 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of American Electric Power from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Morgan Stanley upped their price target on shares of American Electric Power from $102.00 to $108.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Barclays upped their price target on shares of American Electric Power from $96.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. BMO Capital Markets cut their price target on shares of American Electric Power from $111.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of American Electric Power in a research note on Friday, September 20th. They set a "hold" rating and a $107.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $98.27.

American Electric Power Trading Up 0.2 %

Shares of AEP stock traded up $0.18 during trading hours on Monday, hitting $96.49. 3,399,167 shares of the company were exchanged, compared to its average volume of 3,163,559. The firm has a market cap of $51.34 billion, a PE ratio of 19.34, a PEG ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year 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. The firm has a fifty day moving average of $99.60 and a 200 day moving average of $95.32.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from American Electric Power's previous quarterly dividend of $0.88. American Electric Power's dividend payout ratio is 74.55%.

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.