Nisa Investment Advisors LLC Purchases 192,161 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Nisa Investment Advisors LLC increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 311.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,784 shares of the company’s stock after purchasing an additional 192,161 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $23,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Pathway Financial Advisers LLC raised its stake in American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock worth $203,399,000 after acquiring an additional 1,963,154 shares in the last quarter. Janus Henderson Group PLC raised its stake in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock worth $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp raised its stake in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares in the last quarter. FMR LLC increased its stake in shares of American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after buying an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of American Electric Power in the third quarter valued at $80,207,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

Shares of AEP opened at $97.49 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a market cap of $51.88 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. The stock’s 50-day moving average price is $94.68 and its two-hundred day moving average price is $97.11.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. UBS Group raised their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. 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. Finally, Barclays lowered their target price 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus price target of $98.00.

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.