American Electric Power Company, Inc. (NASDAQ:AEP) Stake Reduced by Community Trust & Investment Co.

Community Trust & Investment Co. decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,371 shares of the company’s stock after selling 332 shares during the quarter. Community Trust & Investment Co.’s holdings in American Electric Power were worth $346,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its stake in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Denali Advisors LLC bought a new position in American Electric Power during the first quarter valued at about $26,000. LRI Investments LLC bought a new position in American Electric Power during the first quarter valued at about $37,000. Briaud Financial Planning Inc boosted its stake in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after buying an additional 150 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in American Electric Power during the first quarter valued at about $41,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.3 %

AEP stock opened at $99.89 on Wednesday. American Electric Power Company, Inc. has a 12-month low of $72.01 and a 12-month high of $105.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The company has a market cap of $52.65 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.79 and a beta of 0.54. The company has a 50 day moving average of $100.49 and a two-hundred day moving average of $93.52.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the business posted $1.13 EPS. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.93 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.72%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

AEP has been the subject of several research reports. Wells Fargo & Company raised their target price on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America upped their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Guggenheim upped their target price on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Scotiabank upped their target price on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets upped their target price on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.43.

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.