Capital City Trust Co. FL Has $3.65 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital City Trust Co. FL cut its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,532 shares of the company’s stock after selling 348 shares during the quarter. Capital City Trust Co. FL’s holdings in American Electric Power were worth $3,646,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AEP. State Street Corp boosted its holdings in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Electric Power by 2.9% during the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock valued at $1,280,655,000 after purchasing an additional 352,588 shares in the last quarter. FMR LLC boosted its holdings in American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after purchasing an additional 1,087,163 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in American Electric Power by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock valued at $427,009,000 after purchasing an additional 100,578 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AEP shares. Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. Wells Fargo & Company cut their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Evercore ISI cut their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $98.00.

American Electric Power Price Performance

AEP opened at $105.33 on Friday. The company has a fifty day moving average price of $96.51 and a two-hundred day moving average price of $98.09. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 52 week low of $79.16 and a 52 week high of $105.73. The firm has a market capitalization of $56.16 billion, a PE ratio of 18.81, a P/E/G ratio of 2.91 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last released its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the firm posted $1.23 earnings per share. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 66.43%.

American Electric Power 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.