LexAurum Advisors LLC Raises Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

LexAurum Advisors LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 11.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,236 shares of the company’s stock after purchasing an additional 551 shares during the period. LexAurum Advisors LLC’s holdings in American Electric Power were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. RFG Advisory LLC lifted its holdings in American Electric Power by 61.6% during the 4th quarter. RFG Advisory LLC now owns 3,919 shares of the company’s stock worth $361,000 after purchasing an additional 1,494 shares in the last quarter. MFA Wealth Services purchased a new stake in American Electric Power during the 4th quarter worth about $210,000. Brighton Jones LLC raised its holdings in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares in the last quarter. Secure Asset Management LLC raised its holdings in shares of American Electric Power by 22.4% in the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after acquiring an additional 4,370 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of American Electric Power in the 4th quarter valued at about $87,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP opened at $98.18 on Friday. The stock’s 50 day simple moving average is $94.83 and its 200 day simple moving average is $97.12. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The firm has a market cap of $52.24 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.79%. American Electric Power’s payout ratio is 74.55%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent analyst reports. BMO Capital Markets lowered their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley lowered their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the company from $98.00 to $104.00 in a report on Monday, January 13th. Wells Fargo & Company lowered their price target 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. Finally, UBS Group raised their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. One investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.