Parallax Volatility Advisers L.P. Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Parallax Volatility Advisers L.P. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 42.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 64,659 shares of the company's stock after purchasing an additional 19,244 shares during the period. Parallax Volatility Advisers L.P.'s holdings in American Electric Power were worth $6,634,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings 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 purchasing an additional 103 shares during the period. E Fund Management Co. Ltd. lifted its stake in shares of American Electric Power by 2.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company's stock worth $464,000 after acquiring an additional 105 shares during the period. XML Financial LLC boosted its holdings in shares of American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company's stock valued at $300,000 after acquiring an additional 106 shares in the last quarter. Garrison Asset Management LLC increased its stake in shares of American Electric Power by 0.6% during the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company's stock worth $1,950,000 after acquiring an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY raised its holdings in American Electric Power by 2.2% during the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company's stock worth $516,000 after purchasing an additional 110 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEP has been the topic of a number of analyst reports. Bank of America lifted their price objective on American Electric Power from $97.00 to $98.00 and gave the company an "underperform" rating in a report on Thursday, August 29th. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a research note on Thursday, November 7th. Evercore ISI cut their price objective on American Electric Power from $97.00 to $96.00 and set an "in-line" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a "hold" rating and a $107.00 target price on the stock. Finally, Barclays cut their price target on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. Two equities 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 company's stock. According to data from MarketBeat, American Electric Power has a consensus rating of "Hold" and a consensus target price of $98.20.

American Electric Power Trading Up 1.2 %

Shares of NASDAQ AEP traded up $1.20 during midday trading on Thursday, reaching $97.45. 2,234,673 shares of the stock were exchanged, compared to its average volume of 3,116,739. The stock has a 50 day moving average price of $98.39 and a 200-day moving average price of $95.90. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $51.86 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.80 and a beta of 0.55. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a $0.93 dividend. This is a boost from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, November 8th. American Electric Power's payout ratio is presently 74.55%.

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.