Centennial Wealth Advisory LLC Raises Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Centennial Wealth Advisory LLC boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,807 shares of the company’s stock after buying an additional 535 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in American Electric Power were worth $443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares during the period. Geode Capital Management LLC lifted its holdings in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after buying an additional 352,588 shares during the period. FMR LLC lifted its holdings in American Electric Power by 18.8% in 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. Allspring Global Investments Holdings LLC lifted its holdings in American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock worth $466,191,000 after buying an additional 341,846 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after buying an additional 1,962,125 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Up 1.5 %

NASDAQ:AEP opened at $99.39 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company has a market cap of $52.89 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58. The company has a 50 day simple moving average of $95.09 and a two-hundred day simple moving average of $97.68.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AEP. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Morgan Stanley lowered their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently 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.