American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Lifted by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.9% in the 3rd quarter, Holdings Channel reports. The fund owned 37,892 shares of the company’s stock after buying an additional 5,211 shares during the period. Metis Global Partners LLC’s holdings in American Electric Power were worth $3,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC boosted its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of American Electric Power by 2.0% during the second quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after acquiring an additional 105 shares in the last quarter. XML Financial LLC boosted its position in American Electric Power by 3.8% during the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after purchasing an additional 106 shares during the last quarter. Garrison Asset Management LLC grew its stake in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after purchasing an additional 109 shares in the last quarter. Finally, Roanoke Asset Management Corp NY increased its position in American Electric Power by 2.2% in the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5 %

Shares of American Electric Power stock opened at $93.76 on Friday. The company has a market cap of $49.89 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.65 and a beta of 0.55. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company’s fifty day simple moving average is $100.04 and its 200-day simple moving average is $95.09. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.97%. American Electric Power’s payout ratio is presently 74.55%.

Analyst Ratings Changes

AEP has been the subject of several recent research reports. Scotiabank boosted their price target on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company dropped their price target on shares of 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. Barclays lifted their price objective on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 target price on the stock. Finally, Morgan Stanley upped their price target on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Two investment analysts have 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 data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average price target of $98.27.

American Electric Power 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.