American Electric Power Company, Inc. (NASDAQ:AEP) Position Increased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,833 shares of the company’s stock after acquiring an additional 1,551 shares during the period. ST Germain D J Co. Inc.’s holdings in American Electric Power were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Hawaiian Bank raised its holdings in American Electric Power by 35.9% during the fourth quarter. First Hawaiian Bank now owns 20,171 shares of the company’s stock valued at $1,860,000 after buying an additional 5,324 shares in the last quarter. Peoples Bank KS raised its holdings in American Electric Power by 14.8% during the fourth quarter. Peoples Bank KS now owns 3,887 shares of the company’s stock valued at $358,000 after buying an additional 500 shares in the last quarter. Diversified Trust Co raised its holdings in American Electric Power by 8.5% during the fourth quarter. Diversified Trust Co now owns 6,103 shares of the company’s stock valued at $563,000 after buying an additional 478 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in American Electric Power by 24.7% during the fourth quarter. CWA Asset Management Group LLC now owns 14,684 shares of the company’s stock valued at $1,354,000 after buying an additional 2,909 shares in the last quarter. Finally, Centre Asset Management LLC raised its holdings in American Electric Power by 7.7% during the fourth quarter. Centre Asset Management LLC now owns 3,721 shares of the company’s stock valued at $343,000 after buying an additional 267 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 1.4 %

AEP stock opened at $93.51 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. The business’s 50-day simple moving average is $94.72 and its 200 day simple moving average is $96.56. The company has a market cap of $49.76 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.98%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. American Electric Power’s payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AEP shares. UBS Group raised their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Morgan Stanley lowered their price target on 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. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus price target of $96.60.

American Electric Power 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.