American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,382 shares of the company’s stock after buying an additional 506 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in American Electric Power were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AEP. HHM Wealth Advisors LLC raised its stake in American Electric Power by 57.2% in 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 in the last quarter. LRI Investments LLC increased its position in shares of American Electric Power by 935.9% during the second 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 increased its position in shares of American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of American Electric Power during the second quarter worth about $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the second quarter worth about $48,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AEP shares. UBS Group lifted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Wells Fargo & Company lowered their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Barclays raised their price target on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price target on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock 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 given a buy rating to the company’s stock. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and an average price target of $98.27.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $96.80 on Thursday. The firm has a market cap of $51.51 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. The firm’s 50-day simple moving average is $99.34 and its 200-day simple moving average is $95.39. 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 1 year low of $75.22 and a 1 year high of $105.18.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.84%. 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 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.