First National Trust Co Has $9.43 Million Stake in American Electric Power Company, Inc. $AEP

First National Trust Co reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,850 shares of the company’s stock after selling 4,385 shares during the quarter. First National Trust Co’s holdings in American Electric Power were worth $9,433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock valued at $5,444,057,000 after purchasing an additional 197,998 shares in the last quarter. State Street Corp lifted its position in shares of American Electric Power by 2.3% during the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock worth $2,958,869,000 after buying an additional 653,712 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Electric Power by 2.2% in the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock valued at $1,379,532,000 after buying an additional 285,000 shares in the last quarter. Invesco Ltd. grew its position in American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after acquiring an additional 432,441 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in American Electric Power by 5.9% during the second quarter. Legal & General Group Plc now owns 4,912,388 shares of the company’s stock worth $509,709,000 after acquiring an additional 272,214 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AEP. Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 price target on shares of American Electric Power in a report on Wednesday, January 21st. The Goldman Sachs Group upped their price target on shares of American Electric Power from $128.00 to $133.00 in a report on Thursday, October 30th. Barclays increased their price target on American Electric Power from $117.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price objective on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets upped their target price on American Electric Power from $123.00 to $125.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.39.

American Electric Power Stock Up 0.2%

Shares of NASDAQ AEP opened at $121.10 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.41. The firm has a market cap of $64.68 billion, a PE ratio of 17.65, a P/E/G ratio of 2.88 and a beta of 0.62. The company’s fifty day simple moving average is $117.04 and its 200 day simple moving average is $115.60. American Electric Power Company, Inc. has a 12-month low of $97.46 and a 12-month high of $124.80.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 10th. American Electric Power’s dividend payout ratio is 55.39%.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.