International Assets Investment Management LLC Sells 348,268 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

International Assets Investment Management LLC cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 99.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,650 shares of the company's stock after selling 348,268 shares during the quarter. International Assets Investment Management LLC's holdings in American Electric Power were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Peoples Bank KS boosted its stake in shares of American Electric Power by 14.8% during the 4th quarter. Peoples Bank KS now owns 3,887 shares of the company's stock worth $358,000 after buying an additional 500 shares during the last quarter. Diversified Trust Co raised its holdings in American Electric Power by 8.5% during the fourth quarter. Diversified Trust Co now owns 6,103 shares of the company's stock worth $563,000 after acquiring an additional 478 shares in the last quarter. CWA Asset Management Group LLC boosted its position in American Electric Power by 24.7% during the fourth quarter. CWA Asset Management Group LLC now owns 14,684 shares of the company's stock valued at $1,354,000 after purchasing an additional 2,909 shares during the last quarter. Centre Asset Management LLC grew its stake in American Electric Power by 7.7% in the fourth quarter. Centre Asset Management LLC now owns 3,721 shares of the company's stock valued at $343,000 after purchasing an additional 267 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of American Electric Power by 1.9% during the 4th quarter. GAMMA Investing LLC now owns 15,811 shares of the company's stock worth $1,458,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of American Electric Power in a research note on Friday, September 20th. They issued a "hold" rating and a $107.00 target price for the company. Scotiabank downgraded shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Barclays dropped 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. Morgan Stanley reduced their price target on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Finally, Evercore ISI dropped their price objective on American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $97.57.

American Electric Power Trading Up 1.4 %

Shares of AEP stock traded up $1.25 during trading hours on Friday, hitting $93.51. 7,725,244 shares of the company's stock traded hands, compared to its average volume of 3,321,141. The stock has a market cap of $49.76 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. The stock's 50 day simple moving average is $94.72 and its 200 day simple moving average is $96.69. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was 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 currently 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.