Certified Advisory Corp Buys 120 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Certified Advisory Corp grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 10,191 shares of the company’s stock after acquiring an additional 120 shares during the quarter. Certified Advisory Corp’s holdings in American Electric Power were worth $1,046,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after purchasing an additional 1,963,154 shares during the period. Zimmer Partners LP raised its position in shares of American Electric Power by 578.2% in the 1st quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock valued at $83,948,000 after buying an additional 831,235 shares in the last quarter. Raymond James & Associates raised its position in shares of American Electric Power by 51.1% in the 2nd quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock valued at $161,877,000 after buying an additional 623,789 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of American Electric Power by 1,140.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock worth $40,070,000 after acquiring an additional 419,870 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of American Electric Power by 8,396.3% during the 3rd quarter. International Assets Investment Management LLC now owns 351,918 shares of the company’s stock worth $361,070,000 after acquiring an additional 347,776 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $97.59 on Friday. The stock has a market cap of $51.93 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.83 and a beta of 0.55. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company’s fifty day moving average is $99.11 and its 200 day moving average is $95.50. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AEP shares. Barclays upped their target price on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Evercore ISI reduced their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 target price for the company. Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.