American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lifted by BCGM Wealth Management LLC

BCGM Wealth Management LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,359 shares of the company’s stock after acquiring an additional 154 shares during the quarter. BCGM Wealth Management LLC’s holdings in American Electric Power were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AEP. Coastline Trust Co bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $123,000. Empowered Funds LLC lifted its holdings in shares of American Electric Power by 14.4% in the third quarter. Empowered Funds LLC now owns 40,960 shares of the company’s stock valued at $4,202,000 after purchasing an additional 5,148 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of American Electric Power by 2.0% during the third quarter. Empirical Finance LLC now owns 17,744 shares of the company’s stock worth $1,821,000 after purchasing an additional 345 shares during the period. Vectors Research Management LLC grew its stake in shares of American Electric Power by 3.8% in the 3rd quarter. Vectors Research Management LLC now owns 18,401 shares of the company’s stock valued at $1,888,000 after buying an additional 677 shares in the last quarter. Finally, Dearborn Partners LLC increased its position in American Electric Power by 5.6% during the third quarter. Dearborn Partners LLC now owns 6,248 shares of the company’s stock worth $641,000 after buying an additional 332 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP stock opened at $96.31 on Friday. The stock’s fifty day moving average price is $99.74 and its 200-day moving average price is $95.21. The company has a market cap of $51.25 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.55. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 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.

American Electric Power Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on AEP. Guggenheim increased their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group increased their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley upped their target price on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Bank of America boosted their target price on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.27.

American Electric Power Company 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.