Community Bank N.A. Trims Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Community Bank N.A. trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,417 shares of the company’s stock after selling 175 shares during the quarter. Community Bank N.A.’s holdings in American Electric Power were worth $3,543,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEP. Raymond James Financial Inc. purchased a new position in American Electric Power in the fourth quarter valued at $220,983,000. Janus Henderson Group PLC boosted its holdings in American Electric Power by 109.5% in the 3rd 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 during the last quarter. State Street Corp boosted its holdings in American Electric Power by 4.3% in the 3rd 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 during the last quarter. FMR LLC lifted its holdings in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of American Electric Power in the 3rd quarter worth approximately $80,207,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEP. Bank of America upped 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 note on Tuesday, March 18th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays reduced their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Finally, Morgan Stanley increased their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.92.

American Electric Power Trading Down 1.0 %

Shares of American Electric Power stock opened at $105.11 on Friday. The company’s fifty day simple moving average is $101.89 and its 200-day simple moving average is $99.07. The company has a market cap of $56.10 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.97 and a beta of 0.50. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.52.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) 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 quarter in the previous year, the firm earned $1.23 earnings per share. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.93 dividend. The ex-dividend date was Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.54%. American Electric Power’s dividend payout ratio is presently 66.43%.

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.