Endeavor Private Wealth Inc. Acquires New Shares in American Electric Power Company, Inc. (NASDAQ:AEP)

Endeavor Private Wealth Inc. acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 947 shares of the company’s stock, valued at approximately $87,000.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of American Electric Power by 19.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 204,067 shares of the company’s stock valued at $18,821,000 after purchasing an additional 33,118 shares during the last quarter. SG Americas Securities LLC raised its stake in American Electric Power by 304.1% during the 4th quarter. SG Americas Securities LLC now owns 70,998 shares of the company’s stock valued at $6,548,000 after buying an additional 53,429 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of American Electric Power by 8.7% during the 4th quarter. Westside Investment Management Inc. now owns 1,422 shares of the company’s stock valued at $131,000 after buying an additional 114 shares during the period. Phoenix Wealth Advisors purchased a new stake in American Electric Power during the fourth quarter valued at $214,000. Finally, Albion Financial Group UT lifted its holdings in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $97.49 on Thursday. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The company has a market capitalization of $51.88 billion, a PE ratio of 19.54, a P/E/G ratio of 2.78 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The company has a 50-day simple moving average of $94.76 and a two-hundred day simple moving average of $97.11.

American Electric Power Announces Dividend

The company also recently announced 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 of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.82%. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AEP shares. BMO Capital Markets reduced their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Barclays decreased their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. Evercore ISI cut 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. Finally, Morgan Stanley decreased their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.