American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by AMG National Trust Bank

AMG National Trust Bank decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 22,016 shares of the company’s stock after selling 515 shares during the quarter. AMG National Trust Bank’s holdings in American Electric Power were worth $2,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of American Electric Power by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,564,600 shares of the company’s stock valued at $160,528,000 after buying an additional 6,700 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in American Electric Power by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,874 shares of the company’s stock valued at $2,860,000 after acquiring an additional 1,131 shares in the last quarter. Claro Advisors LLC boosted its stake in American Electric Power by 7.8% during the 3rd quarter. Claro Advisors LLC now owns 12,240 shares of the company’s stock valued at $1,256,000 after acquiring an additional 885 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in American Electric Power during the 3rd quarter worth $947,000. Finally, BCGM Wealth Management LLC increased its position in shares of American Electric Power by 4.8% in the 3rd quarter. BCGM Wealth Management LLC now owns 3,359 shares of the company’s stock worth $345,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEP. BMO Capital Markets decreased their price target on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Scotiabank upped their price target on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Barclays boosted their target price on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. UBS Group lifted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Guggenheim raised their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average price target of $98.27.

American Electric Power Stock Up 0.2 %

AEP opened at $96.49 on Tuesday. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The stock has a market cap of $51.34 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.78 and a beta of 0.55. The stock’s 50 day moving average price is $99.60 and its 200 day moving average price is $95.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.86%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is presently 74.55%.

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.