Mawer Investment Management Ltd. Increases Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Mawer Investment Management Ltd. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 977,313 shares of the company’s stock after purchasing an additional 125,817 shares during the period. Mawer Investment Management Ltd.’s holdings in American Electric Power were worth $100,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blair William & Co. IL increased its stake in American Electric Power by 1.3% during the 1st quarter. Blair William & Co. IL now owns 39,804 shares of the company’s stock worth $3,427,000 after buying an additional 522 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of American Electric Power by 60.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 49,762 shares of the company’s stock worth $4,285,000 after purchasing an additional 18,726 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of American Electric Power by 37.8% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,640 shares of the company’s stock worth $313,000 after purchasing an additional 998 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of American Electric Power by 221.9% during the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after purchasing an additional 1,182,451 shares during the last quarter. Finally, Vaughan David Investments LLC IL lifted its holdings in American Electric Power by 1.3% in the first quarter. Vaughan David Investments LLC IL now owns 467,678 shares of the company’s stock valued at $40,267,000 after acquiring an additional 5,813 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays boosted their target price on American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. UBS Group boosted their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. 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 research report on Tuesday, August 20th. BMO Capital Markets cut their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Evercore ISI cut their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $98.27.

American Electric Power Stock Down 0.0 %

Shares of AEP stock traded down $0.01 during trading hours on Monday, hitting $96.30. 63,526 shares of the company were exchanged, compared to its average volume of 3,148,601. The company has a market capitalization of $51.24 billion, a PE ratio of 19.30, a PEG ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The business has a 50 day moving average of $99.74 and a two-hundred day moving average of $95.26. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, November 8th. American Electric Power’s dividend payout ratio is 74.55%.

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.