GW Henssler & Associates Ltd. Has $27.45 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

GW Henssler & Associates Ltd. lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,580 shares of the company’s stock after selling 3,957 shares during the period. American Electric Power comprises 1.7% of GW Henssler & Associates Ltd.’s holdings, making the stock its 19th largest holding. GW Henssler & Associates Ltd. owned 0.06% of American Electric Power worth $27,446,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AEP. Pathway Financial Advisers LLC raised its position in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC raised its position in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. State Street Corp lifted its stake in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the last quarter. FMR LLC boosted its holdings in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of American Electric Power in the 3rd quarter valued at $80,207,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $98.36 on Monday. The company has a market cap of $52.34 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The business has a 50 day moving average price of $95.11 and a 200-day moving average price of $97.57.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.78%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Barclays cut their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Wells Fargo & Company lowered their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, 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 note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $98.00.

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.