Tudor Financial Inc. bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,970 shares of the company's stock, valued at approximately $1,331,000.
A number of other institutional investors have also recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC grew its stake in American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock valued at $25,000 after acquiring an additional 103 shares during the period. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the 3rd quarter valued at $33,000. LRI Investments LLC boosted its stake in 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 purchasing an additional 365 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its stake in 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 purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on AEP. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 26th. Evercore ISI lowered 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 note on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of American Electric Power from $104.00 to $108.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Wells Fargo & Company lowered their target price on shares of 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. Finally, UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $97.13.
Read Our Latest Report on American Electric Power
American Electric Power Trading Down 0.8 %
AEP traded down $0.78 on Thursday, hitting $92.85. The company had a trading volume of 1,949,682 shares, compared to its average volume of 3,102,844. The firm has a market cap of $49.41 billion, a P/E ratio of 18.76, a PEG ratio of 2.77 and a beta of 0.55. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company's fifty day moving average price is $97.82 and its 200 day moving average price is $96.05. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a $0.93 dividend. This is a positive change from American Electric Power's previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 4.01%. The ex-dividend date was Friday, November 8th. American Electric Power's payout ratio is 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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