1834 Investment Advisors Co. Has $707,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

1834 Investment Advisors Co. cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,663 shares of the company’s stock after selling 224 shares during the period. 1834 Investment Advisors Co.’s holdings in American Electric Power were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AEP. Legacy Investment Solutions LLC acquired a new position in American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the 3rd quarter worth about $33,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power during the 3rd quarter worth about $48,000. Decker Retirement Planning Inc. bought a new position in shares of American Electric Power in the 4th quarter valued at about $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power in the third quarter valued at about $50,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP stock opened at $98.18 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The company’s fifty day simple moving average is $94.87 and its 200 day simple moving average is $97.26. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month 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 Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on AEP shares. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. 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. Barclays decreased their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Finally, Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power 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.