American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by TI Trust Inc.

TI Trust Inc. reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,713 shares of the company’s stock after selling 123 shares during the quarter. TI Trust Inc.’s holdings in American Electric Power were worth $619,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the third quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the 3rd quarter worth approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power during the 3rd quarter worth approximately $48,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $49,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of American Electric Power in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group raised their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. 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 cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Evercore ISI decreased their price target on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 0.7 %

Shares of AEP stock opened at $98.18 on Monday. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a market capitalization of $52.24 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56. The firm has a 50-day moving average price of $94.87 and a 200 day moving average price of $97.26. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

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.