Tokio Marine Asset Management Co. Ltd. Buys 300 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Tokio Marine Asset Management Co. Ltd. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,635 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in American Electric Power were worth $2,425,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AEP. Mizuho Markets Americas LLC raised its position in American Electric Power by 646.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock worth $22,510,000 after buying an additional 226,435 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in American Electric Power by 60.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock valued at $4,285,000 after buying an additional 18,726 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of American Electric Power by 14.4% during the 2nd quarter. OLD National Bancorp IN now owns 120,489 shares of the company’s stock valued at $10,572,000 after buying an additional 15,138 shares during the period. MainStreet Investment Advisors LLC grew its holdings in shares of American Electric Power by 13.2% in the second quarter. MainStreet Investment Advisors LLC now owns 42,517 shares of the company’s stock worth $3,730,000 after acquiring an additional 4,971 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in American Electric Power by 1,140.5% during the second quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock valued at $40,070,000 after acquiring an additional 419,870 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AEP shares. BMO Capital Markets dropped their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Morgan Stanley increased their price target on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company cut their price objective on shares of 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. Finally, Scotiabank upped their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $98.27.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $93.76 on Friday. The firm’s fifty day moving average is $100.04 and its two-hundred day moving average is $95.09. 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 market cap of $49.89 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.65 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.97%. American Electric Power’s dividend payout ratio is presently 74.55%.

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.