American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,645 shares of the company’s stock after purchasing an additional 253 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in American Electric Power were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $33,000. Reston Wealth Management LLC purchased a new position in American Electric Power during the 3rd quarter valued at about $48,000. Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power during the 4th quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of American Electric Power during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 1.5 %

NASDAQ AEP opened at $97.88 on Wednesday. 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 Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The business has a 50 day moving average price of $95.13 and a two-hundred day moving average price of $97.64. The stock has a market cap of $52.08 billion, a PE ratio of 19.62, a P/E/G ratio of 2.79 and a beta of 0.58.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Wall Street Analyst Weigh In

AEP has been the topic of several recent research reports. Morgan Stanley reduced their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets decreased their target price on shares of 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. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One 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.com, the stock has an average rating of “Hold” and an average target price of $98.00.

About American Electric Power

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.