Advisors Management Group Inc. ADV Has $4.01 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Advisors Management Group Inc. ADV lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 43,491 shares of the company’s stock after selling 117 shares during the period. Advisors Management Group Inc. ADV’s holdings in American Electric Power were worth $4,011,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after acquiring an additional 19,081 shares during the period. New England Asset Management Inc. acquired a new stake in American Electric Power in the 3rd quarter valued at about $3,404,000. ING Groep NV grew its holdings in American Electric Power by 244.3% during the third quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after purchasing an additional 208,974 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in American Electric Power during the third quarter worth approximately $1,815,000. Finally, Executive Wealth Management LLC acquired a new position in American Electric Power during the third quarter worth approximately $1,788,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.7 %

Shares of NASDAQ:AEP opened at $95.12 on Thursday. The business’s 50 day simple moving average is $94.52 and its 200 day simple moving average is $96.78. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The company has a market capitalization of $50.62 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.70 and a beta of 0.56.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.91%. This is a boost 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 Analysts Forecast Growth

AEP has been the subject of several research analyst reports. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $104.00 in a research report on Monday. Barclays dropped their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their target price 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. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $98.00.

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.