Pacer Advisors Inc. Has $8.09 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Pacer Advisors Inc. lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,692 shares of the company’s stock after acquiring an additional 22,429 shares during the quarter. Pacer Advisors Inc.’s holdings in American Electric Power were worth $8,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XML Financial LLC increased its position in shares of American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after purchasing an additional 106 shares during the last quarter. PSI Advisors LLC lifted its stake in American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after purchasing an additional 107 shares during the last quarter. Garrison Asset Management LLC boosted its holdings in shares of American Electric Power by 0.6% in the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after purchasing an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY increased its position in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after purchasing an additional 110 shares during the last quarter. Finally, First United Bank & Trust raised its holdings in shares of American Electric Power by 17.1% during the 3rd quarter. First United Bank & Trust now owns 766 shares of the company’s stock valued at $79,000 after buying an additional 112 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AEP shares. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. BMO Capital Markets lowered their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley reduced their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, American Electric Power presently has an average rating of “Hold” and an average price target of $98.00.

View Our Latest Analysis on American Electric Power

American Electric Power Price Performance

NASDAQ AEP opened at $98.05 on Thursday. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The stock has a 50-day moving average of $95.06 and a 200 day moving average of $97.47. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a market capitalization of $52.17 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.77 and a beta of 0.56.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 3.79%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

American Electric Power Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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