American Electric Power Company Inc (NYSE:AEP) Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co increased its position in shares of American Electric Power Company Inc (NYSE:AEP) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 19,023 shares of the utilities provider’s stock after acquiring an additional 875 shares during the quarter. CENTRAL TRUST Co’s holdings in American Electric Power were worth $1,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMA Wealth Inc. acquired a new stake in American Electric Power during the second quarter worth approximately $30,000. JJJ Advisors Inc. acquired a new stake in American Electric Power during the second quarter worth approximately $31,000. Tarbox Family Office Inc. boosted its position in American Electric Power by 38.9% during the second quarter. Tarbox Family Office Inc. now owns 436 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 122 shares during the last quarter. Kings Point Capital Management acquired a new stake in American Electric Power during the second quarter worth approximately $39,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in American Electric Power by 259.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 503 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

In other news, insider Charles E. Zebula sold 1,216 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total value of $110,631.68. Following the transaction, the insider now owns 7,420 shares of the company’s stock, valued at approximately $675,071.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Shares of AEP opened at $93.37 on Tuesday. The firm has a market cap of $46.60 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.99 and a beta of 0.09. The company’s fifty day moving average is $93.13 and its two-hundred day moving average is $89.46. American Electric Power Company Inc has a fifty-two week low of $72.07 and a fifty-two week high of $96.22. The company has a quick ratio of 0.36, a current ratio of 0.48 and a debt-to-equity ratio of 1.27.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.14. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $5.08 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.09%. During the same quarter last year, the business earned $1.26 EPS. As a group, equities research analysts anticipate that American Electric Power Company Inc will post 4.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.67. American Electric Power’s dividend payout ratio (DPR) is 67.85%.

A number of analysts recently issued reports on the stock. Mizuho raised their target price on shares of American Electric Power from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. UBS Group lifted their price target on shares of American Electric Power from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 20th. SunTrust Banks set a $102.00 price target on shares of American Electric Power and gave the company a “buy” rating in a report on Friday. Bank of America reiterated a “buy” rating and issued a $98.00 price target (up previously from $93.00) on shares of American Electric Power in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $92.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $95.27.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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