Huntington National Bank Has $91.26 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Huntington National Bank grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 989,453 shares of the company’s stock after purchasing an additional 48,079 shares during the period. Huntington National Bank owned about 0.19% of American Electric Power worth $91,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its position in shares of American Electric Power by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 114,567 shares of the company’s stock worth $11,753,000 after acquiring an additional 6,928 shares in the last quarter. Benjamin Edwards Inc. raised its position in American Electric Power by 29.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 68,405 shares of the company’s stock valued at $7,026,000 after buying an additional 15,358 shares during the last quarter. Hilltop Holdings Inc. grew its position in American Electric Power by 12.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 8,529 shares of the company’s stock worth $875,000 after purchasing an additional 942 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of 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 acquiring an additional 1,962,125 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its stake in shares of American Electric Power by 50.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 17,542 shares of the company’s stock worth $1,800,000 after purchasing an additional 5,900 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Bank of America raised their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their price target on shares of American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $100.77.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $108.37 on Wednesday. The stock has a market cap of $57.84 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The stock’s fifty day moving average is $103.23 and its 200 day moving average is $99.17. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $109.76.

American Electric Power (NASDAQ:AEP) last announced 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 prior year, the firm posted $1.23 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.43%. American Electric Power’s dividend payout ratio is presently 66.43%.

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.