American Electric Power Company, Inc. (NASDAQ:AEP) Position Raised by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.4% in the 4th quarter, Holdings Channel reports. The fund owned 6,162 shares of the company’s stock after buying an additional 425 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Electric Power were worth $568,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC increased its holdings in shares of American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the period. Janus Henderson Group PLC grew its position in American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares in the last quarter. State Street Corp raised its position in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares in the last quarter. FMR LLC lifted its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the period. Finally, Zacks Investment Management bought a new position in shares of American Electric Power in the third quarter valued at approximately $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Barclays cut their price objective 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. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, BMO Capital Markets reduced their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 0.5 %

Shares of NASDAQ:AEP opened at $100.83 on Tuesday. The firm has a 50 day simple moving average of $95.11 and a 200 day simple moving average of $97.79. American Electric Power Company, Inc. has a 52 week low of $76.31 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 company has a market cap of $53.65 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.69%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.