Ifrah Financial Services Inc. Has $424,000 Stake in American Electric Power Company Inc (NYSE:AEP)

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Ifrah Financial Services Inc. decreased its position in American Electric Power Company Inc (NYSE:AEP) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,491 shares of the utilities provider’s stock after selling 111 shares during the quarter. Ifrah Financial Services Inc.’s holdings in American Electric Power were worth $424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fusion Family Wealth LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $34,000. Prestige Wealth Management Group LLC grew its stake in shares of American Electric Power by 195.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 410 shares of the utilities provider’s stock valued at $38,000 after buying an additional 271 shares in the last quarter. Asset Dedication LLC grew its stake in shares of American Electric Power by 554.1% in the 4th quarter. Asset Dedication LLC now owns 399 shares of the utilities provider’s stock valued at $38,000 after buying an additional 338 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $43,000. Finally, Manchester Financial Inc. bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $52,000. 73.63% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada raised American Electric Power from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $96.00 to $103.00 in a research report on Wednesday, January 15th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating in a research report on Friday, January 3rd. Wolfe Research set a $101.00 target price on American Electric Power and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating and set a $101.00 target price for the company. in a research report on Wednesday, January 15th. Finally, Scotiabank raised American Electric Power from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $93.00 to $102.00 in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $98.85.

Shares of AEP stock traded up $0.52 during trading hours on Friday, reaching $103.37. 256,218 shares of the company’s stock were exchanged, compared to its average volume of 2,516,477. American Electric Power Company Inc has a fifty-two week low of $79.02 and a fifty-two week high of $104.97. The stock has a market capitalization of $50.34 billion, a P/E ratio of 23.93, a P/E/G ratio of 4.11 and a beta of 0.08. The business has a fifty day moving average price of $98.46 and a 200-day moving average price of $93.45. The company has a quick ratio of 0.36, a current ratio of 0.48 and a debt-to-equity ratio of 1.27.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.71%. American Electric Power’s dividend payout ratio (DPR) is presently 70.89%.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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