Southland Equity Partners LLC Buys 210 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Southland Equity Partners LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,919 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Southland Equity Partners LLC’s holdings in American Electric Power were worth $361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $48,000. Friedenthal Financial purchased a new position in shares of American Electric Power during the third quarter valued at approximately $50,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power during the third quarter valued at approximately $50,000. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

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

American Electric Power Trading Down 0.0 %

NASDAQ AEP opened at $97.47 on Friday. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a market cap of $51.87 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.77 and a beta of 0.56. The stock’s fifty day moving average price is $94.83 and its 200-day moving average price is $97.12. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is currently 74.55%.

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.