American Electric Power Company, Inc. (NASDAQ:AEP) Stake Raised by Peoples Bank KS

Peoples Bank KS raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 14.8% during the 4th quarter, HoldingsChannel reports. The fund owned 3,887 shares of the company’s stock after purchasing an additional 500 shares during the period. Peoples Bank KS’s holdings in American Electric Power were worth $358,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in American Electric Power during the third quarter valued at approximately $25,000. HHM Wealth Advisors LLC boosted its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of American Electric Power during the 3rd quarter valued at $33,000. Reston Wealth Management LLC acquired a new position in shares of American Electric Power in the third quarter worth $48,000. Finally, Friedenthal Financial purchased a new stake in shares of American Electric Power during the third quarter worth $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Jefferies Financial Group started coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective on the stock. Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.13.

American Electric Power Trading Up 0.2 %

American Electric Power stock opened at $90.47 on Wednesday. The business’s 50-day simple moving average is $95.02 and its 200-day simple moving average is $96.58. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. The firm has a market capitalization of $48.14 billion, a PE ratio of 18.13, a PEG ratio of 2.70 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, November 8th. 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 dividend yield of 4.11%. 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.