American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,892 shares of the company’s stock after purchasing an additional 5,211 shares during the quarter. Metis Global Partners LLC’s holdings in American Electric Power were worth $3,888,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Pathway Financial Advisers LLC boosted its holdings in American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after purchasing an additional 1,963,154 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of American Electric Power by 542.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock valued at $193,541,000 after buying an additional 1,927,234 shares during the last quarter. National Bank of Canada FI raised its stake in American Electric Power by 221.9% during the first quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after acquiring an additional 1,182,451 shares during the period. Zimmer Partners LP raised its stake in American Electric Power by 578.2% during the first quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock worth $83,948,000 after acquiring an additional 831,235 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in American Electric Power by 9.9% in the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock worth $739,303,000 after acquiring an additional 776,965 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AEP shares. JPMorgan Chase & Co. increased their price target on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Barclays raised their target price on American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Jefferies Financial Group initiated coverage on shares of American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective on the stock. Finally, UBS Group upped their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus target price of $98.27.

American Electric Power Price Performance

NASDAQ:AEP opened at $93.76 on Friday. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18. 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 cap of $49.89 billion, a P/E ratio of 18.79, a PEG ratio of 2.65 and a beta of 0.55. The business’s 50-day moving average price is $100.04 and its 200 day moving average price is $95.09.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.97%. American Electric Power’s dividend payout ratio is currently 74.55%.

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.