Capital Investment Advisory Services LLC Has $356,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Investment Advisory Services LLC trimmed its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,861 shares of the company’s stock after selling 660 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in American Electric Power were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of American Electric Power by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,402 shares of the company’s stock valued at $4,773,000 after purchasing an additional 714 shares during the period. NewEdge Advisors LLC raised its stake in shares of American Electric Power by 5.4% in the 2nd quarter. NewEdge Advisors LLC now owns 25,561 shares of the company’s stock valued at $2,243,000 after buying an additional 1,317 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of American Electric Power during the 2nd quarter worth about $12,671,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of American Electric Power during the 2nd quarter valued at about $4,246,000. Finally, Trust Co. of Toledo NA OH increased its stake in American Electric Power by 39.0% in the third quarter. Trust Co. of Toledo NA OH now owns 11,522 shares of the company’s stock valued at $1,182,000 after acquiring an additional 3,232 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Evercore ISI lowered 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 lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Price Performance

Shares of AEP stock opened at $98.36 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The firm has a market cap of $52.34 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.78 and a beta of 0.56. The stock has a 50-day moving average price of $95.09 and a 200 day moving average price of $97.48.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.78%. American Electric Power’s dividend payout ratio is currently 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.