Zions Bancorporation N.A. Has $5.73 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Zions Bancorporation N.A. grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,117 shares of the company’s stock after buying an additional 6,816 shares during the period. Zions Bancorporation N.A.’s holdings in American Electric Power were worth $5,729,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AEP. SouthState Corp boosted its position in American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after purchasing an additional 102 shares during the period. PSI Advisors LLC lifted its stake in shares of American Electric Power by 10.6% in the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company’s stock worth $286,000 after buying an additional 112 shares during the period. Albion Financial Group UT grew its stake in American Electric Power by 0.9% in the 4th quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after buying an additional 112 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in American Electric Power by 11.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock worth $103,000 after acquiring an additional 112 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.9 %

AEP stock opened at $104.18 on Tuesday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $109.52. 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’s 50 day moving average is $102.08 and its 200-day moving average is $99.05. The firm has a market cap of $55.60 billion, a P/E ratio of 18.60, a P/E/G ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the business earned $1.23 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.57%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. Barclays decreased 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 report on Tuesday, November 26th. BMO Capital Markets decreased their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley lifted their price target on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $99.92.

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.