American Electric Power Company, Inc. (NASDAQ:AEP) Stake Cut by Versor Investments LP

Versor Investments LP decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 31.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,457 shares of the company's stock after selling 5,661 shares during the period. Versor Investments LP's holdings in American Electric Power were worth $1,278,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC grew its position in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock worth $25,000 after acquiring an additional 103 shares during the last quarter. LRI Investments LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at $37,000. Briaud Financial Planning Inc lifted its stake in shares of American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock valued at $38,000 after purchasing an additional 150 shares during the period. Reston Wealth Management LLC acquired a new stake in American Electric Power during the 3rd quarter worth $48,000. Finally, Friedenthal Financial acquired a new stake in American Electric Power during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Trading Down 1.6 %

Shares of AEP traded down $1.55 during mid-day trading on Tuesday, reaching $92.96. The stock had a trading volume of 3,484,684 shares, compared to its average volume of 3,156,997. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.48. American Electric Power Company, Inc. has a 52-week low of $74.97 and a 52-week high of $105.18. The business's fifty day moving average is $100.40 and its 200 day moving average is $95.05. The firm has a market cap of $49.47 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.75 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 4.00%. This is a boost from American Electric Power's previous quarterly dividend of $0.88. American Electric Power's dividend payout ratio (DPR) is presently 70.54%.

Analyst Ratings Changes

Several analysts recently commented on AEP shares. Scotiabank raised their price objective on 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. Evercore ISI dropped their price target on 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 dropped their price target on American Electric Power from $111.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price objective on American Electric Power from $104.00 to $102.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. Finally, UBS Group raised 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $98.27.

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.