Seelaus Asset Management LLC Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Seelaus Asset Management LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,175 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Seelaus Asset Management LLC’s holdings in American Electric Power were worth $662,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. DAVENPORT & Co LLC boosted its stake in shares of American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after purchasing an additional 3,288 shares during the period. Secure Asset Management LLC lifted its holdings in American Electric Power by 22.4% during the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after buying an additional 4,370 shares in the last quarter. Grove Bank & Trust boosted its position in American Electric Power by 436.9% in the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after buying an additional 5,771 shares during the period. J2 Capital Management Inc bought a new position in American Electric Power in the 4th quarter worth about $419,000. Finally, Principal Financial Group Inc. increased its position in shares of American Electric Power by 3.1% during the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after acquiring an additional 19,081 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.2 %

NASDAQ AEP opened at $100.35 on Friday. The firm has a market cap of $53.40 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. 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 company has a 50 day moving average price of $95.11 and a 200 day moving average price of $97.74.

American Electric Power Dividend Announcement

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

Analysts Set New Price Targets

AEP has been the subject of a number of research reports. Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their price target for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group raised their target price on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, American Electric Power has a consensus rating of “Hold” and an average price target of $98.00.

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.