Leslie Global Wealth LLC Purchases Shares of 2,366 American Electric Power Company, Inc. (NASDAQ:AEP)

Leslie Global Wealth LLC acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,366 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently made changes to their positions in AEP. HHM Wealth Advisors LLC grew its stake in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. LRI Investments LLC grew its position in shares of American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. Briaud Financial Planning Inc increased its holdings in shares of American Electric Power by 52.1% in the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of American Electric Power in the second quarter worth about $44,000. Finally, Opal Wealth Advisors LLC bought a new position in American Electric Power during the second quarter valued at approximately $48,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 2.0 %

NASDAQ AEP opened at $100.40 on Wednesday. The stock has a market cap of $53.42 billion, a PE ratio of 20.00, a PEG ratio of 2.78 and a beta of 0.55. American Electric Power Company, Inc. has a 12 month low of $74.97 and a 12 month high of $105.18. The company’s 50-day moving average price is $100.67 and its 200-day moving average price is $94.65. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.71%. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s dividend payout ratio is currently 70.12%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AEP. Guggenheim upped their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price objective on American Electric Power from $98.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Scotiabank raised their price objective on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Bank of America boosted their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.43.

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.