1,036 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,036 shares of the company’s stock, valued at approximately $96,000.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in American Electric Power by 4,215.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,634 shares of the company’s stock valued at $2,014,000 after purchasing an additional 19,179 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of American Electric Power during the third quarter worth approximately $203,000. Magnus Financial Group LLC bought a new stake in shares of American Electric Power in the third quarter worth $225,000. First United Bank & Trust increased its stake in shares of American Electric Power by 17.1% in the third quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after buying an additional 112 shares during the last quarter. Finally, Cascade Investment Group Inc. acquired a new stake in American Electric Power in the third quarter valued at $234,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.5 %

AEP stock opened at $102.35 on Thursday. The stock has a market cap of $54.46 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. The firm’s 50-day simple moving average is $95.26 and its 200 day simple moving average is $97.86. American Electric Power Company, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. American Electric Power’s payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AEP shares. Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. UBS Group boosted their price target 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, BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Company 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.