Lantz Financial LLC Raises Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Lantz Financial LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,249 shares of the company’s stock after purchasing an additional 115 shares during the quarter. Lantz Financial LLC’s holdings in American Electric Power were worth $300,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Thrivent Financial for Lutherans lifted its stake in American Electric Power by 10.7% during the second quarter. Thrivent Financial for Lutherans now owns 26,743 shares of the company’s stock worth $2,346,000 after purchasing an additional 2,593 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of American Electric Power in the 2nd quarter valued at $19,852,000. Toronto Dominion Bank lifted its position in shares of American Electric Power by 55.0% during the second quarter. Toronto Dominion Bank now owns 270,235 shares of the company’s stock worth $23,710,000 after purchasing an additional 95,838 shares in the last quarter. AXA S.A. boosted its stake in shares of American Electric Power by 8.2% in the second quarter. AXA S.A. now owns 34,500 shares of the company’s stock valued at $3,027,000 after purchasing an additional 2,610 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of American Electric Power by 37.1% in the second quarter. AQR Capital Management LLC now owns 189,119 shares of the company’s stock valued at $16,593,000 after purchasing an additional 51,217 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Evercore ISI lowered their price target on shares of 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.7 %

American Electric Power stock opened at $98.18 on Friday. The stock has a 50-day simple moving average of $94.87 and a 200-day simple moving average of $97.19. The company has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a $0.93 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. American Electric Power’s payout ratio is 74.55%.

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.