BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 695.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 90,155 shares of the company’s stock after acquiring an additional 78,828 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in American Electric Power were worth $9,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its position in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. LRI Investments LLC boosted its stake in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after buying an additional 365 shares during the period. Briaud Financial Planning Inc increased its position in shares of American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after acquiring an additional 150 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of American Electric Power in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.5 %

AEP opened at $97.59 on Friday. 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 Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The company has a market cap of $51.93 billion, a P/E ratio of 19.56, a PEG ratio of 2.83 and a beta of 0.55. The business’s 50-day simple moving average is $99.11 and its 200-day simple moving average is $95.50.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. The ex-dividend date is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.81%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AEP shares. UBS Group lifted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company decreased their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets dropped their target price on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of 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. Finally, Evercore ISI reduced their target price on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.