Foundations Investment Advisors LLC Has $695,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Foundations Investment Advisors LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,541 shares of the company’s stock after acquiring an additional 587 shares during the quarter. Foundations Investment Advisors LLC’s holdings in American Electric Power were worth $695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its position in American Electric Power by 37.1% during the 2nd quarter. AQR Capital Management LLC now owns 189,119 shares of the company’s stock worth $16,593,000 after acquiring an additional 51,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Electric Power by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,402 shares of the company’s stock worth $4,773,000 after purchasing an additional 714 shares during the last quarter. NewEdge Advisors LLC raised its holdings in American Electric Power by 5.4% in the 2nd quarter. NewEdge Advisors LLC now owns 25,561 shares of the company’s stock valued at $2,243,000 after buying an additional 1,317 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in American Electric Power by 32.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,375 shares of the company’s stock worth $3,016,000 after buying an additional 8,439 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in American Electric Power by 10.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,826 shares of the company’s stock worth $862,000 after acquiring an additional 969 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 2.0 %

AEP stock opened at $98.05 on Thursday. 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 fifty-two week low of $75.22 and a fifty-two week high of $105.18. The stock’s 50 day simple moving average is $95.06 and its 200 day simple moving average is $97.47. The company has a market cap of $52.17 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56.

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 issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and upped their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. BMO Capital Markets lowered their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.