American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Increased by Intrust Bank NA

Intrust Bank NA lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.2% in the 4th quarter, HoldingsChannel reports. The firm owned 17,533 shares of the company’s stock after purchasing an additional 1,910 shares during the quarter. Intrust Bank NA’s holdings in American Electric Power were worth $1,424,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BLB&B Advisors LLC raised its position in American Electric Power by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after buying an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after buying an additional 132 shares during the last quarter. CENTRAL TRUST Co lifted its stake in American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after acquiring an additional 138 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in shares of American Electric Power by 3.1% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after acquiring an additional 140 shares during the period. Finally, Nicolet Advisory Services LLC increased its stake in shares of American Electric Power by 5.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company’s stock worth $220,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

AEP traded up $1.14 on Tuesday, hitting $87.81. 934,455 shares of the stock were exchanged, compared to its average volume of 3,706,982. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.56. The firm has a market capitalization of $46.24 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.01 and a beta of 0.51. The business has a 50-day moving average of $83.63 and a two-hundred day moving average of $80.59.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 82.82%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEP. Cfra reiterated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. LADENBURG THALM/SH SH lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $75.50 to $73.00 in a research note on Friday, March 8th. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Barclays lifted their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.08.

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.