American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,733 shares of the company’s stock after selling 503 shares during the period. Nicolet Advisory Services LLC’s holdings in American Electric Power were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. HHM Wealth Advisors LLC boosted its holdings in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares during the period. LRI Investments LLC raised its stake in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after acquiring an additional 365 shares during the period. Briaud Financial Planning Inc lifted its holdings in 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 acquiring an additional 150 shares during the last quarter. Naples Money Management LLC acquired a new position in American Electric Power in the second quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of American Electric Power during the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AEP shares. BMO Capital Markets reduced their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday. 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 research report on Thursday, November 7th. Bank of America boosted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on shares of American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $97.59 on Monday. The stock has a market cap of $51.93 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.83 and a beta of 0.55. 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 Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock’s 50 day moving average price is $99.11 and its 200 day moving average price is $95.54.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be issued a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. American Electric Power’s dividend payout ratio is 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.