Decker Retirement Planning Inc. Makes New $49,000 Investment in American Electric Power Company, Inc. (NASDAQ:AEP)

Decker Retirement Planning Inc. purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 535 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors also recently modified their holdings of AEP. American Century Companies Inc. lifted its holdings in shares of American Electric Power by 51.1% in the second quarter. American Century Companies Inc. now owns 257,372 shares of the company’s stock valued at $22,582,000 after purchasing an additional 87,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Electric Power by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,459,848 shares of the company’s stock valued at $128,094,000 after purchasing an additional 141,556 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of American Electric Power in the second quarter valued at approximately $1,355,000. Bradley Foster & Sargent Inc. CT bought a new position in shares of American Electric Power in the second quarter valued at approximately $202,000. Finally, Wealth Alliance lifted its holdings in American Electric Power by 1.2% during the second quarter. Wealth Alliance now owns 13,400 shares of the company’s stock worth $1,176,000 after acquiring an additional 162 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Wells Fargo & Company dropped their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $96.82 on Friday. The stock has a market cap of $51.52 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two 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. The stock has a fifty day moving average of $94.51 and a 200-day moving average of $96.77.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were given a $0.93 dividend. The ex-dividend date was Friday, November 8th. This is a boost 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%. American Electric Power’s payout ratio is 74.55%.

American Electric Power 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.