American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Cut by Capital City Trust Co. FL

Capital City Trust Co. FL reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,532 shares of the company’s stock after selling 348 shares during the quarter. Capital City Trust Co. FL’s holdings in American Electric Power were worth $3,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $2,824,000. Hudson Edge Investment Partners Inc. boosted its stake in shares of American Electric Power by 1.8% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 60,878 shares of the company’s stock worth $5,615,000 after acquiring an additional 1,070 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of American Electric Power by 3.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 13,500 shares of the company’s stock worth $1,245,000 after acquiring an additional 400 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of American Electric Power during the 4th quarter worth $191,000. Finally, Morningstar Investment Management LLC boosted its stake in shares of American Electric Power by 3.6% during the 4th quarter. Morningstar Investment Management LLC now owns 11,056 shares of the company’s stock worth $1,020,000 after acquiring an additional 389 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEP. Evercore ISI reduced their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Barclays reduced their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company reduced their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley reduced their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Price Performance

NASDAQ AEP opened at $105.33 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $79.16 and a fifty-two week high of $105.73. The stock’s 50-day moving average is $96.51 and its two-hundred day moving average is $98.09. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $56.16 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the company earned $1.23 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

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.