IHT Wealth Management LLC Acquires 11,936 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

IHT Wealth Management LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 152.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,750 shares of the company's stock after purchasing an additional 11,936 shares during the quarter. IHT Wealth Management LLC's holdings in American Electric Power were worth $2,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC lifted its position in 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 boosted its position in shares of American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company's stock worth $35,000 after acquiring an additional 365 shares in the last quarter. Briaud Financial Planning Inc boosted its position in shares of American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in American Electric Power in the second quarter valued at approximately $48,000. Finally, Reston Wealth Management LLC acquired a new position in American Electric Power during the third quarter valued at approximately $48,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 1.2 %

NASDAQ:AEP traded up $1.20 during trading hours on Thursday, hitting $97.45. 2,234,673 shares of the company were exchanged, compared to its average volume of 3,116,739. The company has a fifty day simple moving average of $98.39 and a 200 day simple moving average of $95.90. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The stock has a market capitalization of $51.86 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.80 and a beta of 0.55. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a $0.93 dividend. The ex-dividend date is Friday, November 8th. This is a boost from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.82%. American Electric Power's dividend payout ratio is presently 74.55%.

Analyst Ratings Changes

AEP has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. UBS Group boosted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Jefferies Financial Group assumed coverage on shares of American Electric Power in a report on Friday, September 20th. They set a "hold" rating and a $107.00 price target on the stock. Finally, Bank of America increased their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the company an "underperform" rating in a research note on Thursday, August 29th. 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. According to MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average target price of $98.20.

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.