American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,539 shares of the company’s stock after purchasing an additional 1,184 shares during the period. Ballentine Partners LLC’s holdings in American Electric Power were worth $1,156,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power during the 4th quarter valued at approximately $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at approximately $50,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEP has been the topic of several research reports. Evercore ISI dropped their price target on 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. UBS Group upped their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley lowered their price objective on 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. Finally, Wells Fargo & Company lowered their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Trading Up 0.6 %

NASDAQ:AEP opened at $97.81 on Wednesday. The business has a fifty day moving average of $94.58 and a 200-day moving average of $97.04. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a market cap of $52.05 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.76 and a beta of 0.56. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.80%. American Electric Power’s dividend payout ratio is currently 74.55%.

About American Electric Power

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.