Diversify Wealth Management LLC Purchases 192 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Diversify Wealth Management LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,364 shares of the company’s stock after buying an additional 192 shares during the quarter. Diversify Wealth Management LLC’s holdings in American Electric Power were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AEP. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $33,000. Reston Wealth Management LLC bought a new position in American Electric Power in the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. acquired a new position in American Electric Power during the 4th quarter worth $49,000. Finally, Future Financial Wealth Managment LLC bought a new position in American Electric Power in the 3rd quarter valued at $50,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Down 0.0 %

NASDAQ AEP opened at $97.47 on Friday. 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 debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The firm has a market cap of $51.87 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.78 and a beta of 0.56. The stock’s 50-day moving average is $94.76 and its 200-day moving average is $97.11.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEP. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Evercore ISI cut their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $98.00.

View Our Latest Stock Analysis on AEP

American Electric Power Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEPFree Report).

Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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