Foundations Investment Advisors LLC Buys 587 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Foundations Investment Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,541 shares of the company’s stock after purchasing an additional 587 shares during the quarter. Foundations Investment Advisors LLC’s holdings in American Electric Power were worth $695,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEP. Morgan Stanley reduced their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays decreased 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 report on Tuesday, November 26th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $98.05 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The company’s 50 day moving average price is $95.06 and its two-hundred day moving average price is $97.47. The firm has a market cap of $52.17 billion, a PE ratio of 19.65, a PEG ratio of 2.77 and a beta of 0.56.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. 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 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.