Executive Wealth Management LLC Makes New Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Executive Wealth Management LLC bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,424 shares of the company's stock, valued at approximately $1,788,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in American Electric Power in the first quarter valued at $419,000. Envestnet Portfolio Solutions Inc. boosted its stake in American Electric Power by 6.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 65,703 shares of the company's stock valued at $5,657,000 after purchasing an additional 3,845 shares during the period. Quantbot Technologies LP acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $1,731,000. Empowered Funds LLC raised its position in shares of American Electric Power by 47.6% during the 1st quarter. Empowered Funds LLC now owns 33,687 shares of the company's stock worth $2,900,000 after buying an additional 10,868 shares in the last quarter. Finally, PFG Advisors raised its holdings in American Electric Power by 5.1% during the first quarter. PFG Advisors now owns 5,125 shares of the company's stock worth $441,000 after purchasing an additional 250 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 1.0 %

American Electric Power stock traded up $0.99 during mid-day trading on Friday, hitting $96.40. The company's stock had a trading volume of 2,581,086 shares, compared to its average volume of 3,154,165. American Electric Power Company, Inc. has a 52-week low of $74.97 and a 52-week high of $105.18. The company has a market cap of $51.30 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.81 and a beta of 0.55. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The firm's 50 day moving average is $100.51 and its 200 day moving average is $94.87.

American Electric Power Increases Dividend

The company 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 annualized dividend and a dividend yield of 3.86%. This is a positive change from American Electric Power's previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. American Electric Power's dividend payout ratio (DPR) is currently 70.12%.

Wall Street Analyst Weigh In

AEP has been the topic of several research analyst reports. Barclays lifted their price target on American Electric Power from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday. Scotiabank lifted their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Guggenheim increased their target price on shares of American Electric Power from $81.00 to $83.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Finally, Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus 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.