Tidal Investments LLC Sells 1,882 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Tidal Investments LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 16.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,434 shares of the company’s stock after selling 1,882 shares during the quarter. Tidal Investments LLC’s holdings in American Electric Power were worth $968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its holdings in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares during the last quarter. Janus Henderson Group PLC increased its position in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 1,114,954 shares during the last quarter. FMR LLC lifted its position in shares of American Electric Power by 18.8% during the third 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 in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of American Electric Power during the third quarter valued at approximately $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.4 %

AEP opened at $91.24 on Friday. The firm’s fifty day moving average is $96.99 and its two-hundred day moving average is $96.13. The firm has a market cap of $48.55 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.70 and a beta of 0.55. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analyst Weigh In

AEP has been the subject of several research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets lifted their price objective on American Electric Power from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Wells Fargo & Company cut their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Bank of America raised their target price on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $97.13.

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.