Nicolet Advisory Services LLC Cuts Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Nicolet Advisory Services LLC decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,733 shares of the company’s stock after selling 503 shares during the period. Nicolet Advisory Services LLC’s holdings in American Electric Power were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC grew its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the period. E Fund Management Co. Ltd. grew its position in American Electric Power by 2.0% during the second quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after buying an additional 105 shares during the period. XML Financial LLC increased its holdings in American Electric Power by 3.8% in the third quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after buying an additional 106 shares in the last quarter. Garrison Asset Management LLC lifted its position in shares of American Electric Power by 0.6% during the 3rd quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after acquiring an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY boosted its stake in shares of American Electric Power by 2.2% during the 3rd quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock worth $516,000 after acquiring an additional 110 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEP has been the subject of several research reports. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets cut their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Down 0.5 %

Shares of NASDAQ:AEP opened at $97.59 on Monday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The stock’s 50-day moving average price is $99.11 and its two-hundred day moving average price is $95.54. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market cap of $51.93 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.83 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.81%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. 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.