Passumpsic Savings Bank Has $802,000 Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Passumpsic Savings Bank lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,701 shares of the company’s stock after selling 211 shares during the period. Passumpsic Savings Bank’s holdings in American Electric Power were worth $802,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $105.33 on Friday. The stock has a market capitalization of $56.16 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.91 and a beta of 0.58. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $105.73. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $96.51 and a two-hundred day moving average price of $98.09.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting 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 in the previous year, the company posted $1.23 earnings per share. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.53%. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Ratings Changes

AEP has been the topic of several recent analyst reports. Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets reduced their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Morgan Stanley cut their price target 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Company 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.