1,250 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,250 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC boosted its position in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the period. Janus Henderson Group PLC lifted its stake in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares during the last quarter. State Street Corp boosted its holdings in shares of American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. FMR LLC grew its position in shares of American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power in the 3rd quarter valued at $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Down 0.0 %

NASDAQ:AEP opened at $98.03 on Friday. The stock has a market capitalization of $52.16 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.77 and a beta of 0.56. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a fifty day moving average price of $95.09 and a two-hundred day moving average price 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.

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 issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Finally, Evercore ISI dropped their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.