Seelaus Asset Management LLC Purchases 300 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Seelaus Asset Management LLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,175 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Seelaus Asset Management LLC’s holdings in American Electric Power were worth $662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the third quarter worth about $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the 3rd quarter valued at about $48,000. Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power during the 4th quarter valued at about $49,000. Finally, Friedenthal Financial bought a new position in shares of American Electric Power during the 3rd quarter valued at approximately $50,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AEP shares. Morgan Stanley lowered 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 report on Friday, November 22nd. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Wells Fargo & Company dropped 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. BMO Capital Markets decreased their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Price Performance

AEP stock opened at $100.35 on Friday. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The firm has a market capitalization of $53.40 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. The company has a fifty day simple moving average of $95.11 and a two-hundred day simple moving average of $97.74. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.71%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.