Apollon Financial LLC Buys Shares of 15,309 American Electric Power Company, Inc. (NASDAQ:AEP)

Apollon Financial LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,309 shares of the company’s stock, valued at approximately $1,412,000.

Several other institutional investors also recently modified their holdings of AEP. Legacy Investment Solutions LLC bought a new position in American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the 3rd quarter worth $33,000. Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the third quarter worth $48,000. Decker Retirement Planning Inc. bought a new stake in American Electric Power in the fourth quarter valued at about $49,000. Finally, Friedenthal Financial acquired a new position in American Electric Power in the third quarter valued at about $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.2 %

NASDAQ AEP opened at $100.35 on Friday. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The stock’s 50 day moving average price is $95.10 and its two-hundred day moving average price is $97.70. The stock has a market capitalization of $53.40 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.79 and a beta of 0.58.

American Electric Power Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AEP. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. UBS Group upped their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.00.

About American Electric Power

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.