2,321 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Phoenix Wealth Advisors

Phoenix Wealth Advisors purchased a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,321 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also made changes to their positions in AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power during the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power during the third quarter valued at about $33,000. Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the third quarter valued at about $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the third quarter valued at about $50,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on AEP. BMO Capital Markets dropped their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. 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 for the company in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Barclays dropped their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 0.6 %

Shares of NASDAQ:AEP opened at $97.81 on Wednesday. The company has a market capitalization of $52.05 billion, a PE ratio of 19.60, a P/E/G ratio of 2.76 and a beta of 0.56. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The firm has a 50 day simple moving average of $94.68 and a 200-day simple moving average of $97.11.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.80%. 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.