SS&H Financial Advisors Inc. Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

SS&H Financial Advisors Inc. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,942 shares of the company’s stock after purchasing an additional 486 shares during the period. SS&H Financial Advisors Inc.’s holdings in American Electric Power were worth $1,379,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after purchasing an additional 19,081 shares in the last quarter. New England Asset Management Inc. purchased a new stake in American Electric Power during the third quarter valued at approximately $3,404,000. ING Groep NV boosted its stake in American Electric Power by 244.3% in the third quarter. ING Groep NV now owns 294,515 shares of the company’s stock valued at $30,217,000 after acquiring an additional 208,974 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in American Electric Power in the third quarter worth $1,815,000. Finally, L & S Advisors Inc acquired a new position in shares of American Electric Power during the second quarter worth $2,398,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $94.50 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company’s fifty day moving average price is $94.52 and its 200 day moving average price is $96.78. The stock has a market capitalization of $50.29 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.70 and a beta of 0.56. 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 declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is 74.55%.

Analyst Ratings Changes

Several research analysts recently weighed in on AEP shares. UBS Group boosted their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley decreased 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 report on Friday, November 22nd. Jefferies Financial Group started coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of 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. Finally, 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 report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $98.00.

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.