CNB Bank Has $117,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

CNB Bank reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266 shares of the company’s stock after selling 123 shares during the quarter. CNB Bank’s holdings in American Electric Power were worth $117,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of American Electric Power by 51.1% in the second quarter. American Century Companies Inc. now owns 257,372 shares of the company’s stock valued at $22,582,000 after buying an additional 87,075 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Electric Power by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,459,848 shares of the company’s stock worth $128,094,000 after acquiring an additional 141,556 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of American Electric Power during the second quarter worth approximately $1,355,000. Bradley Foster & Sargent Inc. CT bought a new stake in shares of American Electric Power during the second quarter valued at approximately $202,000. Finally, Wealth Alliance increased its holdings in shares of American Electric Power by 1.2% in the second quarter. Wealth Alliance now owns 13,400 shares of the company’s stock valued at $1,176,000 after purchasing an additional 162 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

AEP opened at $97.18 on Friday. The company has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $96.77. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $51.71 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEP. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $104.00 in a report on Monday. Wells Fargo & Company decreased their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. UBS Group boosted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Barclays dropped their price target on shares of 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 given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $98.00.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.