9,228 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,228 shares of the company's stock, valued at approximately $947,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in American Electric Power by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 49,630,436 shares of the company's stock valued at $4,273,181,000 after buying an additional 405,114 shares during the last quarter. Lazard Asset Management LLC increased its holdings in American Electric Power by 9.9% in the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company's stock valued at $739,303,000 after purchasing an additional 776,965 shares during the period. Allspring Global Investments Holdings LLC raised its position in American Electric Power by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock worth $466,191,000 after purchasing an additional 341,846 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in American Electric Power by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company's stock worth $296,433,000 after buying an additional 35,769 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company's stock valued at $203,399,000 after buying an additional 1,963,154 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Up 2.7 %

AEP stock traded up $2.55 during trading on Friday, reaching $96.31. The stock had a trading volume of 5,558,396 shares, compared to its average volume of 3,271,694. 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 company has a market capitalization of $51.25 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The company's 50 day moving average is $99.74 and its two-hundred day moving average is $95.26.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued 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 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 (DPR) is 74.55%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEP. Evercore ISI lowered 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. Bank of America raised their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an "underperform" rating in a report on Thursday, August 29th. JPMorgan Chase & Co. lifted 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. Barclays increased their price target on American Electric Power from $96.00 to $100.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets dropped their target price on shares of American Electric Power from $111.00 to $104.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $98.27.

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.