Accurate Wealth Management LLC Acquires 756 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Accurate Wealth Management LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,237 shares of the company’s stock after purchasing an additional 756 shares during the quarter. Accurate Wealth Management LLC’s holdings in American Electric Power were worth $770,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after acquiring an additional 19,081 shares during the last quarter. New England Asset Management Inc. bought a new stake in American Electric Power in the 3rd quarter worth approximately $3,404,000. ING Groep NV increased its stake in American Electric Power by 244.3% in the 3rd quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after acquiring an additional 208,974 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $1,815,000. Finally, Executive Wealth Management LLC purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $1,788,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent research reports. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Wells Fargo & Company dropped their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. BMO Capital Markets dropped their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Trading Up 0.7 %

AEP opened at $95.12 on Thursday. The firm has a market cap of $50.62 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.70 and a beta of 0.56. 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 Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a fifty day moving average price of $94.52 and a 200-day moving average price of $96.78.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were given a dividend of $0.93 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Friday, November 8th. American Electric Power’s dividend payout ratio is currently 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.