Prudent Man Advisors LLC Sells 2,075 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Prudent Man Advisors LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 22.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,967 shares of the company’s stock after selling 2,075 shares during the quarter. Prudent Man Advisors LLC’s holdings in American Electric Power were worth $715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its holdings in American Electric Power by 1.3% in the 1st quarter. Blair William & Co. IL now owns 39,804 shares of the company’s stock valued at $3,427,000 after acquiring an additional 522 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in American Electric Power by 60.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock worth $4,285,000 after buying an additional 18,726 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in American Electric Power by 37.8% during the first quarter. Lake Street Advisors Group LLC now owns 3,640 shares of the company’s stock worth $313,000 after buying an additional 998 shares in the last quarter. National Bank of Canada FI raised its stake in shares of American Electric Power by 221.9% in the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock valued at $157,140,000 after buying an additional 1,182,451 shares in the last quarter. Finally, Vaughan David Investments LLC IL raised its stake in shares of American Electric Power by 1.3% in the 1st quarter. Vaughan David Investments LLC IL now owns 467,678 shares of the company’s stock valued at $40,267,000 after buying an additional 5,813 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 2.7 %

NASDAQ:AEP opened at $96.31 on Monday. The business’s 50-day simple moving average is $99.74 and its 200-day simple moving average is $95.26. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization of $51.25 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is 74.55%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Guggenheim upped their price target on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Wells Fargo & Company cut their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. BMO Capital Markets lowered their target price on shares of American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Bank of America lifted 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.27.

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.