Miller Howard Investments Inc. NY Buys 257 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Miller Howard Investments Inc. NY boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,400 shares of the company’s stock after buying an additional 257 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in American Electric Power were worth $1,881,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AEP. Stephens Inc. AR increased its stake in American Electric Power by 169.7% in the 4th quarter. Stephens Inc. AR now owns 105,329 shares of the company’s stock valued at $9,715,000 after buying an additional 66,275 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in American Electric Power by 15.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,897 shares of the company’s stock worth $267,000 after purchasing an additional 383 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in American Electric Power by 8.9% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,413 shares of the company’s stock valued at $223,000 after purchasing an additional 198 shares during the period. Empowered Funds LLC increased its position in shares of American Electric Power by 0.5% during the 4th quarter. Empowered Funds LLC now owns 41,165 shares of the company’s stock valued at $3,797,000 after purchasing an additional 205 shares during the last quarter. Finally, Seelaus Asset Management LLC raised its stake in shares of American Electric Power by 4.4% during the 4th quarter. Seelaus Asset Management LLC now owns 7,175 shares of the company’s stock worth $662,000 after purchasing an additional 300 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $100.35 on Friday. The company has a market capitalization of $53.40 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.84 and a beta of 0.58. The business has a 50 day moving average of $95.11 and a 200 day moving average of $97.77. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 74.55%.

Analysts Set New Price Targets

AEP has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. BMO Capital Markets lowered their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Finally, Barclays lowered their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. One equities research analyst has 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.