BCGM Wealth Management LLC Increases Position in American Electric Power Company, Inc. (NASDAQ:AEP)

BCGM Wealth Management LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,359 shares of the company’s stock after buying an additional 154 shares during the period. BCGM Wealth Management LLC’s holdings in American Electric Power were worth $345,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its holdings in 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 purchasing an additional 103 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of American Electric Power by 2.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after buying an additional 105 shares in the last quarter. XML Financial LLC grew its holdings in shares of American Electric Power by 3.8% in the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after acquiring an additional 106 shares during the last quarter. Garrison Asset Management LLC lifted its holdings in shares of 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 grew its stake in American Electric Power by 2.2% in the third 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 in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group lifted their price target 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. Wells Fargo & Company decreased their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective for the company. Evercore ISI lowered their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley upped their target price on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.27.

American Electric Power Stock Performance

NASDAQ:AEP opened at $96.31 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The company has a market capitalization of $51.25 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.69 and a beta of 0.55. The business has a 50 day moving average of $99.74 and a 200 day moving average of $95.21. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.93 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.86%. American Electric Power’s payout ratio is presently 74.55%.

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.