BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in American Electric Power Company, Inc. $AEP

BI Asset Management Fondsmaeglerselskab A S increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 102.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,598 shares of the company’s stock after acquiring an additional 22,548 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Electric Power were worth $5,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. PFG Investments LLC grew its position in American Electric Power by 0.3% during the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after buying an additional 83 shares in the last quarter. Strategic Advisors LLC increased its position in shares of American Electric Power by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock valued at $2,993,000 after purchasing an additional 87 shares during the last quarter. SBI Securities Co. Ltd. grew its position in American Electric Power by 16.2% during the third quarter. SBI Securities Co. Ltd. now owns 632 shares of the company’s stock valued at $71,000 after acquiring an additional 88 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in American Electric Power by 12.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after purchasing an additional 89 shares during the last quarter. Finally, Gilbert & Cook Inc. boosted its holdings in American Electric Power by 2.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock valued at $419,000 after acquiring an additional 91 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the sale, the director owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by company insiders.

American Electric Power Price Performance

NASDAQ AEP opened at $120.80 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market capitalization of $64.52 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 2.88 and a beta of 0.62. The stock has a 50-day moving average of $117.03 and a 200 day moving average of $115.43. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $124.80.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. American Electric Power’s payout ratio is currently 55.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AEP shares. Scotiabank boosted their price objective on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 16th. Williams Trading set a $137.00 price target on American Electric Power in a research note on Thursday, December 18th. UBS Group decreased their target price on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 price objective on shares of American Electric Power in a research report on Wednesday, January 21st. Finally, Mizuho increased their target price on American Electric Power from $113.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Electric Power presently has an average rating of “Moderate Buy” and a consensus target price of $127.39.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.