Daiwa Securities Group Inc. Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Daiwa Securities Group Inc. raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,589 shares of the company’s stock after buying an additional 3,331 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Electric Power were worth $15,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its holdings in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 103 shares during the period. LRI Investments LLC increased its holdings in shares of American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the period. Briaud Financial Planning Inc increased its holdings in shares of American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Naples Money Management LLC acquired a new position in American Electric Power during the second quarter worth $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in American Electric Power during the second quarter worth $48,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Scotiabank upped their price objective on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America upped their price objective on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Evercore ISI dropped their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. UBS Group upped their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned 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 Stock Down 0.5 %

Shares of NASDAQ:AEP opened at $97.59 on Monday. 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 Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. 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 stock’s 50-day moving average price is $99.11 and its two-hundred day moving average price is $95.54.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, November 8th. American Electric Power’s payout ratio is currently 74.55%.

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.