LexAurum Advisors LLC Acquires 551 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

LexAurum Advisors LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,236 shares of the company’s stock after buying an additional 551 shares during the quarter. LexAurum Advisors LLC’s holdings in American Electric Power were worth $483,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $48,000. Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power in the 4th quarter valued at approximately $49,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at approximately $50,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 0.7 %

AEP stock opened at $98.18 on Friday. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The business has a fifty day moving average price of $94.83 and a 200-day moving average price of $97.12. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a P/E/G ratio of 2.77 and a beta of 0.56.

American Electric Power Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AEP shares. BMO Capital Markets lowered their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company lowered their target price 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. Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

About American Electric Power

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.