American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 52.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,858 shares of the company’s stock after selling 3,110 shares during the period. Paloma Partners Management Co’s holdings in American Electric Power were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its holdings in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. LRI Investments LLC raised its holdings in American Electric Power by 935.9% in the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares in the last quarter. Briaud Financial Planning Inc boosted its stake in American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after acquiring an additional 150 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of American Electric Power in the 2nd quarter worth about $48,000. Finally, Reston Wealth Management LLC bought a new position in shares of American Electric Power during the third quarter worth about $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 1.2 %

Shares of NASDAQ:AEP opened at $97.45 on Friday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a fifty day moving average of $98.39 and a two-hundred day moving average of $95.90. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $51.86 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.80 and a beta of 0.55.

American Electric Power Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is currently 74.55%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upped their price objective on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Evercore ISI lowered their price objective 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. BMO Capital Markets upped their target price on American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a report on Monday. Finally, Bank of America lifted their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average price target of $98.20.

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.