Hancock Whitney Corp Has $1.80 Million Stake in American Electric Power Company Inc (NYSE:AEP)

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Hancock Whitney Corp trimmed its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 12.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,054 shares of the utilities provider’s stock after selling 2,789 shares during the period. Hancock Whitney Corp’s holdings in American Electric Power were worth $1,801,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. California Public Employees Retirement System grew its position in shares of American Electric Power by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 4,108,833 shares of the utilities provider’s stock valued at $388,326,000 after purchasing an additional 85,662 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of American Electric Power by 11.5% in the third quarter. Pictet Asset Management Ltd. now owns 3,728,067 shares of the utilities provider’s stock valued at $349,283,000 after purchasing an additional 386,002 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of American Electric Power by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,036,081 shares of the utilities provider’s stock valued at $192,430,000 after purchasing an additional 30,436 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of American Electric Power by 2.7% in the third quarter. Parametric Portfolio Associates LLC now owns 1,683,321 shares of the utilities provider’s stock valued at $157,710,000 after purchasing an additional 44,960 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in shares of American Electric Power by 4.2% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,660,006 shares of the utilities provider’s stock valued at $156,887,000 after purchasing an additional 67,466 shares during the last quarter. 73.63% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on AEP shares. Guggenheim downgraded American Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 7th. They noted that the move was a valuation call. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating in a research report on Friday, January 3rd. Scotiabank raised American Electric Power from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $93.00 to $102.00 in a research report on Friday, December 20th. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating and set a $101.00 target price on the stock. in a research report on Wednesday, January 15th. Finally, Citigroup lifted their target price on American Electric Power from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $98.85.

AEP stock opened at $103.76 on Friday. American Electric Power Company Inc has a twelve month low of $79.02 and a twelve month high of $104.97. The company has a market cap of $51.25 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 4.14 and a beta of 0.08. The business’s 50-day simple moving average is $98.46 and its 200 day simple moving average is $93.45. The company has a quick ratio of 0.36, a current ratio of 0.48 and a debt-to-equity ratio of 1.27.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 7th. American Electric Power’s dividend payout ratio (DPR) is presently 70.89%.

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. 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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