American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Claro Advisors LLC

Claro Advisors LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,240 shares of the company’s stock after acquiring an additional 885 shares during the period. Claro Advisors LLC’s holdings in American Electric Power were worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AEP. HHM Wealth Advisors LLC raised its holdings in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the last quarter. LRI Investments LLC acquired a new stake in American Electric Power during the 1st quarter worth about $37,000. Briaud Financial Planning Inc lifted its position in American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. Reston Wealth Management LLC purchased a new stake in American Electric Power during the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial acquired a new position in shares of American Electric Power in the third quarter valued at about $50,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of AEP stock opened at $96.31 on Friday. The company has a market capitalization of $51.25 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The business’s 50 day moving average is $99.74 and its two-hundred day moving average is $95.21. 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 Increases Dividend

The business 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 $0.93 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.86%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lifted their target price on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company decreased their target price 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, Jefferies Financial Group started coverage on American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and an average price target of $98.27.

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.