Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 23,073 Shares of American Electric Power Company, Inc. $AEP

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 692.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,403 shares of the company’s stock after purchasing an additional 23,073 shares during the period. American Electric Power makes up about 1.0% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 29th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in American Electric Power were worth $2,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AEP. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power during the 3rd quarter worth about $26,000. Harbor Capital Advisors Inc. acquired a new stake in American Electric Power during the third quarter worth approximately $26,000. Advantage Trust Co raised its position in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Montag A & Associates Inc. boosted its stake in American Electric Power by 166.0% in the second quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of American Electric Power by 3,000.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 310 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the completion of the sale, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AEP shares. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a report on Thursday, October 30th. Siebert Williams Shank initiated coverage on shares of American Electric Power in a research report on Thursday, December 18th. They set a “buy” rating and a $137.00 price target on the stock. Raymond James Financial reissued an “outperform” rating on shares of American Electric Power in a research report on Thursday, October 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 target price on shares of American Electric Power in a research note on Wednesday, January 21st. Finally, Citigroup boosted their price target on American Electric Power from $111.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.39.

American Electric Power Stock Up 0.1%

Shares of NASDAQ:AEP opened at $119.21 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power Company, Inc. has a 52-week low of $97.32 and a 52-week high of $124.80. The business’s 50 day simple moving average is $117.27 and its two-hundred day simple moving average is $114.85. The firm has a market cap of $63.67 billion, a P/E ratio of 17.38, a PEG ratio of 2.84 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company earned $1.85 earnings per share. American Electric Power’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

American Electric Power Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.