American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lifted by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,978 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Cohen Investment Advisors LLC’s holdings in American Electric Power were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEP. Carnegie Investment Counsel increased its position in shares of American Electric Power by 57.9% during the 4th quarter. Carnegie Investment Counsel now owns 8,705 shares of the company’s stock valued at $803,000 after purchasing an additional 3,193 shares during the period. Mirador Capital Partners LP raised its position in American Electric Power by 1.8% in the fourth quarter. Mirador Capital Partners LP now owns 9,745 shares of the company’s stock worth $899,000 after acquiring an additional 171 shares in the last quarter. IFS Advisors LLC boosted its position in shares of American Electric Power by 52.5% during the 4th quarter. IFS Advisors LLC now owns 871 shares of the company’s stock valued at $80,000 after purchasing an additional 300 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of American Electric Power by 64.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 27,507 shares of the company’s stock worth $2,537,000 after purchasing an additional 10,823 shares in the last quarter. Finally, ERn Financial LLC boosted its stake in shares of American Electric Power by 7.0% during the 4th quarter. ERn Financial LLC now owns 2,535 shares of the company’s stock worth $234,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.8 %

Shares of AEP stock opened at $96.82 on Friday. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.58 and a beta of 0.56. The firm has a fifty day moving average of $94.50 and a 200-day moving average of $96.77. 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 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were paid a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, November 8th. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEP. BMO Capital Markets reduced their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. 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. Finally, Wells Fargo & Company dropped 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.00.

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.