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Ferguson Wellman Capital Management Inc. Boosts Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

American Electric Power logo with Utilities background

Ferguson Wellman Capital Management Inc. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,115 shares of the company's stock after buying an additional 6,684 shares during the period. Ferguson Wellman Capital Management Inc. owned 0.09% of American Electric Power worth $49,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC lifted its stake in American Electric Power by 6.7% during the 1st quarter. Bleakley Financial Group LLC now owns 18,293 shares of the company's stock valued at $1,575,000 after acquiring an additional 1,148 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Electric Power by 17.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 664,304 shares of the company's stock valued at $57,197,000 after purchasing an additional 96,645 shares during the period. Kingsview Wealth Management LLC boosted its holdings in American Electric Power by 1.0% in the first quarter. Kingsview Wealth Management LLC now owns 13,288 shares of the company's stock valued at $1,144,000 after purchasing an additional 136 shares during the last quarter. HBK Sorce Advisory LLC grew its position in American Electric Power by 2.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 9,123 shares of the company's stock worth $786,000 after purchasing an additional 237 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of American Electric Power by 1.3% during the 1st quarter. Blair William & Co. IL now owns 39,804 shares of the company's stock valued at $3,427,000 after buying an additional 522 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.5 %

Shares of NASDAQ:AEP traded up $0.43 on Thursday, hitting $93.76. 2,571,090 shares of the company's stock were exchanged, compared to its average volume of 3,151,654. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. 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 $49.89 billion, a PE ratio of 18.70, a P/E/G ratio of 2.65 and a beta of 0.55. The firm's 50-day moving average is $100.04 and its 200 day moving average is $95.09.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.93 dividend. This is an increase from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, November 8th. American Electric Power's dividend payout ratio is presently 74.55%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AEP shares. Bank of America increased 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. Morgan Stanley increased their target price on shares of American Electric Power from $102.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on American Electric Power in a research note on Friday, September 20th. They issued a "hold" rating and a $107.00 price target for the company. Guggenheim increased their price target on American Electric Power from $81.00 to $83.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets cut their price objective on American Electric Power from $111.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Two 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $98.27.

Get Our Latest Report on AEP

American Electric Power Profile

(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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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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