Caisse DE Depot ET Placement DU Quebec Acquires Shares of 190,542 American Electric Power Company, Inc. (NASDAQ:AEP)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 190,542 shares of the company’s stock, valued at approximately $19,550,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEP. Pathway Financial Advisers LLC raised its position in shares of American Electric Power by 10,177.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares in the last quarter. FMR LLC raised its holdings in American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Raymond James & Associates lifted its position in shares of American Electric Power by 51.1% during the 2nd quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock worth $161,877,000 after buying an additional 623,789 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of American Electric Power by 1,140.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock valued at $40,070,000 after buying an additional 419,870 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of American Electric Power by 8,396.3% in the 3rd quarter. International Assets Investment Management LLC now owns 351,918 shares of the company’s stock valued at $361,070,000 after buying an additional 347,776 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group upped their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group began coverage on American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price target on the stock. Bank of America increased their price objective on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, Barclays cut their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $97.93.

American Electric Power Stock Down 0.0 %

AEP opened at $99.86 on Monday. 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 company has a market cap of $53.14 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.88 and a beta of 0.55. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The business’s fifty day moving average is $98.72 and its two-hundred day moving average is $95.82.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.73%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is presently 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.