Mawer Investment Management Ltd. Buys 125,817 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Mawer Investment Management Ltd. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,313 shares of the company's stock after buying an additional 125,817 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.18% of American Electric Power worth $100,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AEP. Pathway Financial Advisers LLC boosted its position in American Electric Power by 10,177.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company's stock worth $203,399,000 after acquiring an additional 1,963,154 shares during the period. National Bank of Canada FI increased its position in American Electric Power by 221.9% in the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company's stock worth $157,140,000 after purchasing an additional 1,182,451 shares during the last quarter. Zimmer Partners LP grew its position in American Electric Power by 578.2% in the first quarter. Zimmer Partners LP now owns 975,000 shares of the company's stock worth $83,948,000 after acquiring an additional 831,235 shares in the last quarter. Lazard Asset Management LLC raised its holdings in American Electric Power by 9.9% during the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company's stock valued at $739,303,000 after buying an additional 776,965 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of American Electric Power by 51.1% in the second quarter. Raymond James & Associates now owns 1,844,968 shares of the company's stock worth $161,877,000 after buying an additional 623,789 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Morgan Stanley lifted their price target on American Electric Power from $102.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. 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 research report on Thursday, November 7th. Scotiabank boosted their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price target on shares of American Electric Power from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus target price of $98.27.

American Electric Power Price Performance

Shares of AEP stock traded up $0.18 during trading on Monday, hitting $96.49. The company had a trading volume of 3,399,167 shares, compared to its average volume of 3,163,559. The stock's 50-day moving average price is $99.74 and its 200 day moving average price is $95.26. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. 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 has a market capitalization of $51.34 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

The company also recently disclosed 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 a boost from American Electric Power's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.86%. American Electric Power's dividend payout ratio is currently 74.55%.

American Electric Power Company 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.