Oakworth Capital Inc. Acquires 482 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Oakworth Capital Inc. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 91.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,008 shares of the company’s stock after purchasing an additional 482 shares during the period. Oakworth Capital Inc.’s holdings in American Electric Power were worth $93,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AEP. Legacy Investment Solutions LLC purchased a new stake in American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $33,000. Reston Wealth Management LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $48,000. Decker Retirement Planning Inc. purchased a new stake in shares of American Electric Power during the fourth quarter valued at approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $50,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Evercore ISI lowered their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. UBS Group lifted their price objective on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Morgan Stanley lowered their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $100.17 on Friday. American Electric Power Company, Inc. has a 12-month low of $75.22 and a 12-month high of $105.18. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.58. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a 50 day moving average of $95.09 and a 200 day moving average of $97.68.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 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.