Captrust Financial Advisors Cuts Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Captrust Financial Advisors decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,210 shares of the company’s stock after selling 4,684 shares during the period. Captrust Financial Advisors’ holdings in American Electric Power were worth $8,332,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AEP. Pathway Financial Advisers LLC lifted its stake in shares of American Electric Power by 10,177.1% in the third 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 boosted its position in shares of 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 buying an additional 1,087,163 shares during the period. Raymond James & Associates raised its stake in shares of American Electric Power by 51.1% during the second quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock valued at $161,877,000 after purchasing an additional 623,789 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of American Electric Power by 1,140.5% in the second quarter. Assenagon Asset Management S.A. now owns 456,686 shares of the company’s stock valued at $40,070,000 after acquiring an additional 419,870 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake 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 worth $361,070,000 after buying an additional 347,776 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets reduced their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company cut their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank increased their price target on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $97.93.

American Electric Power Stock Down 0.0 %

American Electric Power stock opened at $99.86 on Monday. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The firm’s 50 day moving average price is $98.72 and its two-hundred day moving average price is $95.82. 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 firm has a market cap of $53.14 billion, a PE ratio of 20.01, a P/E/G ratio of 2.88 and a beta of 0.55.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 8th. This is a positive change 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.