Holocene Advisors LP Has $2.61 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Holocene Advisors LP cut its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 33.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,423 shares of the company's stock after selling 12,831 shares during the quarter. Holocene Advisors LP's holdings in American Electric Power were worth $2,608,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AEP. Benjamin Edwards Inc. lifted its stake in shares of American Electric Power by 29.0% in the third quarter. Benjamin Edwards Inc. now owns 68,405 shares of the company's stock valued at $7,026,000 after buying an additional 15,358 shares during the period. Atlas Wealth LLC acquired a new position in American Electric Power in the 3rd quarter valued at approximately $220,000. Point72 Hong Kong Ltd bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $3,413,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of American Electric Power by 2.2% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 9,125 shares of the company's stock worth $936,000 after purchasing an additional 200 shares in the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of American Electric Power by 258.9% during the third quarter. Edgestream Partners L.P. now owns 55,434 shares of the company's stock valued at $5,688,000 after purchasing an additional 39,989 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Evercore ISI decreased their target price 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. Morgan Stanley lowered their target price on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Scotiabank raised their price target 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. Finally, Wells Fargo & Company decreased their price objective on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $98.20.

American Electric Power Price Performance

American Electric Power stock traded down $1.60 on Friday, reaching $95.85. The company's stock had a trading volume of 2,676,413 shares, compared to its average volume of 3,108,460. The business's fifty day moving average price is $98.39 and its 200 day moving average price is $95.90. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.80 and a beta of 0.55. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.93 per share. This is an increase from American Electric Power's previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.88%. American Electric Power's dividend payout ratio is 74.55%.

American Electric Power Profile

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.