CreativeOne Wealth LLC Buys 564 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

CreativeOne Wealth LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,008 shares of the company’s stock after buying an additional 564 shares during the period. CreativeOne Wealth LLC’s holdings in American Electric Power were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC lifted its position 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. E Fund Management Co. Ltd. lifted its holdings in shares of American Electric Power by 2.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company’s stock worth $464,000 after acquiring an additional 105 shares during the period. XML Financial LLC boosted its position in shares of American Electric Power by 3.8% during the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock valued at $300,000 after acquiring an additional 106 shares in the last quarter. Garrison Asset Management LLC increased its stake in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock valued at $1,950,000 after acquiring an additional 109 shares during the period. Finally, Roanoke Asset Management Corp NY increased its stake in American Electric Power by 2.2% in the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after acquiring an additional 110 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $99.86 on Friday. 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 firm has a 50 day simple moving average of $98.72 and a 200 day simple moving average of $95.76. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The firm has a market cap of $53.14 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.88 and a beta of 0.55.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 8th. American Electric Power’s dividend payout ratio (DPR) is 74.55%.

Analyst Ratings Changes

AEP has been the topic of a number of recent research reports. Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday. Jefferies Financial Group initiated coverage on American Electric Power in a research report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. UBS Group increased their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Hold” and an average target price of $97.93.

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.