Worldquant Millennium Advisors LLC Increases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Worldquant Millennium Advisors LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 191.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 89,690 shares of the company's stock after acquiring an additional 58,916 shares during the period. Worldquant Millennium Advisors LLC's holdings in American Electric Power were worth $9,202,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC increased its position in shares of American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock valued at $25,000 after buying an additional 103 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the 3rd quarter worth approximately $33,000. LRI Investments LLC lifted its stake in American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company's stock worth $35,000 after purchasing an additional 365 shares in the last quarter. Briaud Financial Planning Inc grew its position in shares of American Electric Power by 52.1% during 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 in the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of American Electric Power in the third quarter worth $48,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price objective on American Electric Power from $104.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an "in-line" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Scotiabank increased their target price on American Electric Power from $99.00 to $108.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Finally, Bank of America lifted their price target on 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $98.20.

American Electric Power Stock Down 1.6 %

Shares of NASDAQ AEP traded down $1.60 during mid-day trading on Friday, hitting $95.85. 2,676,413 shares of the stock traded hands, compared to its average volume of 2,590,180. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.78 and a beta of 0.55. The stock has a fifty day moving average price of $98.27 and a 200-day moving average price of $95.95. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week 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.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.88%. This is a positive change from American Electric Power's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power's dividend payout ratio (DPR) is presently 74.55%.

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.