Moody National Bank Trust Division Has $1.09 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Moody National Bank Trust Division lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,420 shares of the company’s stock after acquiring an additional 252 shares during the quarter. Moody National Bank Trust Division’s holdings in American Electric Power were worth $1,090,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AEP. Frazier Financial Advisors LLC acquired a new position in American Electric Power in the fourth quarter valued at about $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power during the 1st quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new position in American Electric Power in the fourth quarter valued at approximately $32,000. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AEP shares. BMO Capital Markets raised their target price on American Electric Power from $100.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Guggenheim boosted their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Wells Fargo & Company raised their price target on shares of American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Royal Bank of Canada upped their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and increased their price target for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.46.

American Electric Power Trading Down 3.7 %

AEP stock traded down $3.73 during trading on Monday, hitting $98.06. The company had a trading volume of 3,951,205 shares, compared to its average volume of 3,288,227. The company has a current ratio of 0.65, a quick ratio of 0.37 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $104.41. The business has a 50-day moving average of $90.66 and a 200-day moving average of $86.22. The stock has a market cap of $51.69 billion, a PE ratio of 18.19, a PEG ratio of 2.92 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm earned $1.13 earnings per share. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.59%. American Electric Power’s payout ratio is presently 65.31%.

Insider Activity

In other news, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at $563,476.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the completion of the sale, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

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.