Capital Advisors Inc. OK Has $747,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Advisors Inc. OK lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,283 shares of the company’s stock after selling 184 shares during the period. Capital Advisors Inc. OK’s holdings in American Electric Power were worth $747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in American Electric Power during the first quarter worth $419,000. Private Advisor Group LLC grew its stake in shares of American Electric Power by 4.9% in the 1st quarter. Private Advisor Group LLC now owns 56,300 shares of the company’s stock worth $4,847,000 after acquiring an additional 2,607 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of American Electric Power in the 1st quarter worth $246,000. Mission Wealth Management LP raised its holdings in shares of American Electric Power by 16.0% in the first quarter. Mission Wealth Management LP now owns 5,234 shares of the company’s stock valued at $451,000 after purchasing an additional 722 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of American Electric Power by 37.2% during the first quarter. BNP Paribas Financial Markets now owns 629,108 shares of the company’s stock valued at $54,166,000 after purchasing an additional 170,568 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Scotiabank upped their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their target price on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. BMO Capital Markets lifted their price target on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group began coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective on the stock. Finally, Morgan Stanley raised their target price on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.43.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $97.25 on Friday. The company has a 50-day moving average price of $100.68 and a two-hundred day moving average price of $94.45. American Electric Power Company, Inc. has a twelve month low of $74.97 and a twelve month high of $105.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $51.75 billion, a PE ratio of 19.37, a P/E/G ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. American Electric Power’s payout ratio is currently 74.10%.

American Electric Power Company 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.