GW Henssler & Associates Ltd. reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 297,580 shares of the company's stock after selling 3,957 shares during the quarter. American Electric Power comprises 1.7% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 19th biggest holding. GW Henssler & Associates Ltd. owned 0.06% of American Electric Power worth $27,446,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AEP. State Street Corp lifted its position in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. Geode Capital Management LLC increased its stake in American Electric Power by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock valued at $1,280,655,000 after purchasing an additional 352,588 shares in the last quarter. FMR LLC boosted its position in American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock valued at $466,191,000 after purchasing an additional 341,846 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AEP. Morgan Stanley decreased their price objective on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Evercore ISI lowered their price target on shares of American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets cut their price target on American Electric Power from $108.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power has an average rating of "Hold" and an average target price of $98.00.
Get Our Latest Stock Analysis on American Electric Power
American Electric Power Stock Up 0.8 %
NASDAQ:AEP traded up $0.78 during mid-day trading on Thursday, hitting $100.17. The company had a trading volume of 3,152,395 shares, compared to its average volume of 3,372,555. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The business has a fifty day simple moving average of $95.09 and a 200-day simple moving average of $97.68. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.79 and a beta of 0.58.
American Electric Power Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Monday, February 10th. American Electric Power's dividend payout ratio is presently 74.55%.
American Electric Power Company 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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