384 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 384 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors have also added to or reduced their stakes in the company. Miller Howard Investments Inc. NY raised its stake in shares of American Electric Power by 1.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 20,400 shares of the company’s stock worth $1,881,000 after purchasing an additional 257 shares during the last quarter. Stephens Inc. AR raised its stake in shares of American Electric Power by 169.7% in the fourth quarter. Stephens Inc. AR now owns 105,329 shares of the company’s stock worth $9,715,000 after purchasing an additional 66,275 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in shares of American Electric Power by 15.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,897 shares of the company’s stock worth $267,000 after purchasing an additional 383 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in shares of American Electric Power by 8.9% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,413 shares of the company’s stock worth $223,000 after purchasing an additional 198 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of American Electric Power by 0.5% in the fourth quarter. Empowered Funds LLC now owns 41,165 shares of the company’s stock worth $3,797,000 after purchasing an additional 205 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Morgan Stanley reduced their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and upped their target price for the company from $98.00 to $104.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $101.88 on Wednesday. The stock has a fifty day simple moving average of $95.16 and a two-hundred day simple moving average of $97.83. American Electric Power Company, Inc. has a 1-year low of $76.31 and a 1-year high of $105.18. The firm has a market cap of $54.21 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 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.