Crewe Advisors LLC Raises Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Crewe Advisors LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 21.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 708 shares of the company’s stock after acquiring an additional 124 shares during the quarter. Crewe Advisors LLC’s holdings in American Electric Power were worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its stake in American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after purchasing an additional 1,962,125 shares during the period. State Street Corp grew its stake in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares in the last quarter. FMR LLC increased its holdings in American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares during the period. Finally, Zacks Investment Management bought a new stake in American Electric Power during the 3rd quarter valued at $80,207,000. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. 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. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, BMO Capital Markets cut their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $100.17 on Friday. The company has a market capitalization of $53.30 billion, a PE ratio of 20.07, a P/E/G ratio of 2.79 and a beta of 0.58. 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 has a 50-day simple moving average of $95.09 and a two-hundred day simple moving average of $97.68. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.71%. American Electric Power’s dividend payout ratio 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.