Y Intercept Hong Kong Ltd Has $5.61 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Y Intercept Hong Kong Ltd grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1,153.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,697 shares of the company's stock after purchasing an additional 50,335 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in American Electric Power were worth $5,612,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares in the last quarter. FMR LLC increased its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock valued at $704,549,000 after buying an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of American Electric Power by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock worth $466,191,000 after acquiring an additional 341,846 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of American Electric Power by 109.5% during the third 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 period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of American Electric Power by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company's stock valued at $296,433,000 after acquiring an additional 35,769 shares during the period. Institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AEP shares. BMO Capital Markets increased their price target on American Electric Power from $104.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They issued a "hold" rating and a $107.00 target price on the stock. JPMorgan Chase & Co. raised their target price on American Electric Power from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. Finally, Barclays reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $98.20.

American Electric Power Stock Performance

Shares of NASDAQ AEP traded down $0.27 during mid-day trading on Monday, reaching $95.58. 2,651,098 shares of the company were exchanged, compared to its average volume of 3,112,832. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The stock has a market capitalization of $50.86 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.77 and a beta of 0.55. The company's 50-day simple moving average is $98.27 and its 200-day simple moving average is $95.98. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.89%. American Electric Power's dividend payout ratio (DPR) is presently 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.