BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 695.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,155 shares of the company's stock after buying an additional 78,828 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in American Electric Power were worth $9,250,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its position 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. LRI Investments LLC raised its position in shares of American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company's stock worth $35,000 after purchasing an additional 365 shares during the period. Briaud Financial Planning Inc raised its position in shares of American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock worth $38,000 after purchasing an additional 150 shares during the period. Naples Money Management LLC acquired a new position in shares of American Electric Power during the second quarter worth approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of American Electric Power during the second quarter worth approximately $48,000. 75.24% of the stock is owned by institutional investors and hedge funds.
American Electric Power Price Performance
Shares of NASDAQ:AEP traded down $0.49 on Friday, hitting $97.59. The company's stock had a trading volume of 2,048,838 shares, compared to its average volume of 3,502,202. The company has a 50-day simple moving average of $99.11 and a 200 day simple moving average of $95.54. 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 market capitalization of $51.93 billion, a PE ratio of 19.56, a PEG ratio of 2.83 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.
American Electric Power Increases Dividend
The firm also recently declared 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. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. This is a boost from American Electric Power's previous quarterly dividend of $0.88. American Electric Power's dividend payout ratio (DPR) is presently 74.55%.
Analyst Ratings Changes
AEP has been the subject of several recent research reports. BMO Capital Markets decreased their price target on American Electric Power from $111.00 to $104.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Wells Fargo & Company decreased their price target on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Scotiabank upped their price target on American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Finally, Morgan Stanley reduced their price objective on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $98.00.
Read Our Latest Report on AEP
About American Electric Power
(
Free Report)
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.
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