American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Boosted by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,870,388 shares of the company's stock after buying an additional 46,938 shares during the quarter. Wellington Management Group LLP owned about 3.92% of American Electric Power worth $2,141,302,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its position in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company's stock valued at $203,399,000 after buying an additional 1,963,154 shares during the last quarter. Janus Henderson Group PLC raised its holdings in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after acquiring an additional 1,962,125 shares during the last quarter. State Street Corp raised its holdings in American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. FMR LLC lifted its stake in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of American Electric Power by 51.1% during the second quarter. Raymond James & Associates now owns 1,844,968 shares of the company's stock worth $161,877,000 after purchasing an additional 623,789 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on American Electric Power from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Evercore ISI decreased 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 report on Thursday, November 7th. Barclays lowered their target price on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, November 26th. Finally, Bank of America increased their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an "underperform" rating in a research note on Thursday, August 29th. Two equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $98.20.

American Electric Power Stock Down 1.6 %

Shares of AEP stock traded down $1.60 during trading hours on Friday, reaching $95.85. The company had a trading volume of 2,676,413 shares, compared to its average volume of 2,590,180. The company has a market capitalization of $51.00 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The stock's fifty day simple moving average is $98.27 and its 200 day simple moving average is $95.93.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from American Electric Power's previous quarterly dividend of $0.88. American Electric Power's dividend payout ratio (DPR) is 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.