American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,390 shares of the company’s stock after selling 1,370 shares during the period. UMB Bank n.a.’s holdings in American Electric Power were worth $3,633,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power during the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power during the 3rd quarter worth $33,000. Reston Wealth Management LLC acquired a new position in American Electric Power in the third quarter valued at $48,000. Decker Retirement Planning Inc. purchased a new stake in shares of American Electric Power in the fourth quarter valued at about $49,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the third quarter worth about $50,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $97.25 on Tuesday. The business has a 50 day moving average price of $94.52 and a 200 day moving average price of $96.97. The company has a market capitalization of $51.75 billion, a P/E ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

Wall Street Analyst Weigh In

Several research firms have commented on AEP. Evercore ISI reduced their price objective on 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. BMO Capital Markets decreased their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company reduced 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. Finally, Barclays dropped their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.00.

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.