Everpar Advisors LLC Has $1.07 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Everpar Advisors LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,571 shares of the company’s stock after purchasing an additional 1,179 shares during the period. Everpar Advisors LLC’s holdings in American Electric Power were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AEP. KMG Fiduciary Partners LLC raised its stake in American Electric Power by 13.1% in the 4th quarter. KMG Fiduciary Partners LLC now owns 21,208 shares of the company’s stock valued at $1,956,000 after acquiring an additional 2,452 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of American Electric Power in the fourth quarter valued at $49,000. Empirical Asset Management LLC bought a new position in shares of American Electric Power in the fourth quarter valued at about $8,022,000. Constitution Capital LLC lifted its stake in shares of American Electric Power by 10.3% during the 4th quarter. Constitution Capital LLC now owns 3,210 shares of the company’s stock worth $296,000 after buying an additional 300 shares during the last quarter. Finally, Cohen Investment Advisors LLC boosted its holdings in shares of American Electric Power by 2.7% during the 4th quarter. Cohen Investment Advisors LLC now owns 4,978 shares of the company’s stock worth $459,000 after buying an additional 131 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $96.82 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The company has a market cap of $51.52 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The company has a 50 day moving average of $94.51 and a 200-day moving average of $96.77. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.84%. 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 currently 74.55%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEP. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the company from $98.00 to $104.00 in a report on Monday. Wells Fargo & Company lowered their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.00.

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.