J2 Capital Management Inc Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

J2 Capital Management Inc bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,548 shares of the company's stock, valued at approximately $419,000.

A number of other large investors have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC purchased a new stake in American Electric Power during the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new position in American Electric Power in the 3rd quarter worth approximately $48,000. Friedenthal Financial purchased a new position in American Electric Power during the 3rd quarter worth approximately $50,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $50,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of AEP stock traded up $0.43 during mid-day trading on Friday, reaching $97.25. The company's stock had a trading volume of 2,728,461 shares, compared to its average volume of 2,164,280. 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 firm's 50-day moving average is $94.52 and its two-hundred day moving average is $96.91. 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 cap of $51.75 billion, a P/E ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.83%. American Electric Power's dividend payout ratio is presently 74.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Barclays reduced their price objective on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. Bank of America raised shares of American Electric Power from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. UBS Group increased their price objective 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, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power has an average rating of "Hold" and an average price target of $98.00.

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.