Mirador Capital Partners LP Buys 171 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Mirador Capital Partners LP increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,745 shares of the company’s stock after purchasing an additional 171 shares during the period. Mirador Capital Partners LP’s holdings in American Electric Power were worth $899,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its position in shares of American Electric Power by 10,177.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC increased its holdings in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares during the period. State Street Corp lifted its stake in shares of American Electric Power by 4.3% during the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after purchasing an additional 1,114,954 shares during the last quarter. FMR LLC grew its position in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after buying an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in American Electric Power in the third quarter valued at about $80,207,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $95.05 on Thursday. The business has a fifty day simple moving average of $94.52 and a 200-day simple moving average of $96.78. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a market cap of $50.58 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a dividend of $0.93 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.91%. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research reports. Jefferies Financial Group started coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Evercore ISI dropped their price target on 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 target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has a consensus 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.