Nisa Investment Advisors LLC Has $23.41 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Nisa Investment Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 311.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,784 shares of the company’s stock after purchasing an additional 192,161 shares during the period. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $23,406,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its holdings in American Electric Power by 10.7% in the second quarter. Thrivent Financial for Lutherans now owns 26,743 shares of the company’s stock worth $2,346,000 after buying an additional 2,593 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in American Electric Power by 50.2% in the second quarter. Public Sector Pension Investment Board now owns 89,411 shares of the company’s stock worth $7,845,000 after buying an additional 29,884 shares during the last quarter. Magnetar Financial LLC acquired a new position in American Electric Power in the second quarter worth approximately $877,000. Evergreen Capital Management LLC increased its holdings in American Electric Power by 1.8% in the second quarter. Evergreen Capital Management LLC now owns 7,695 shares of the company’s stock worth $675,000 after buying an additional 133 shares during the last quarter. Finally, Xponance Inc. increased its holdings in American Electric Power by 4.2% in the second quarter. Xponance Inc. now owns 76,452 shares of the company’s stock worth $6,708,000 after buying an additional 3,068 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEP. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $104.00 in a report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on 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. Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Down 0.3 %

AEP opened at $97.49 on Thursday. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $51.88 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.76 and a beta of 0.56. The business has a 50 day moving average of $94.68 and a 200-day moving average of $97.11.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.82%. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

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.