Dynamic Technology Lab Private Ltd Purchases 23,142 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Dynamic Technology Lab Private Ltd lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 274.7% during the third quarter, HoldingsChannel reports. The firm owned 31,566 shares of the company’s stock after purchasing an additional 23,142 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American Electric Power were worth $3,239,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. HHM Wealth Advisors LLC raised its stake in American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. LRI Investments LLC grew its holdings in shares of American Electric Power by 935.9% during the 2nd 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 valued at $38,000 after purchasing an additional 150 shares during the period. Naples Money Management LLC bought a new stake in shares of American Electric Power during the second quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of American Electric Power in the second quarter valued at $48,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AEP shares. Bank of America lifted their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Evercore ISI dropped their price target on shares of 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. BMO Capital Markets cut their price target on shares of American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. 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 price objective on the stock. Finally, Wells Fargo & Company cut their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Down 0.5 %

Shares of NASDAQ AEP opened at $97.59 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company has a market cap of $51.93 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.83 and a beta of 0.55. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm’s 50-day simple moving average is $99.11 and its 200 day simple moving average is $95.54.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, November 8th. 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.