First National Trust Co Has $6.60 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

First National Trust Co reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 81,230 shares of the company’s stock after selling 6,732 shares during the period. First National Trust Co’s holdings in American Electric Power were worth $6,598,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BLB&B Advisors LLC lifted its stake in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after buying an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in American Electric Power by 4.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after buying an additional 132 shares during the period. Hexagon Capital Partners LLC lifted its stake in American Electric Power by 2.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after buying an additional 135 shares during the period. CENTRAL TRUST Co raised its position in shares of American Electric Power by 1.0% during the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after purchasing an additional 138 shares during the period. Finally, Pinnacle West Asset Management Inc. raised its position in shares of American Electric Power by 3.1% during the third quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock worth $355,000 after purchasing an additional 140 shares during the period. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of several recent research reports. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Thursday, January 11th. Wells Fargo & Company upped their price target on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank of Canada upped their price target on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.14.

American Electric Power Stock Performance

Shares of AEP stock traded up $0.35 on Friday, hitting $88.60. 3,332,412 shares of the stock were exchanged, compared to its average volume of 3,215,932. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $46.70 billion, a PE ratio of 16.44, a P/E/G ratio of 2.73 and a beta of 0.50. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $92.88. The firm’s 50 day moving average is $84.10 and its two-hundred day moving average is $80.86.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.02. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.97%. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

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.