Crews Bank & Trust Buys Shares of 813 American Electric Power Company, Inc. (NASDAQ:AEP)

Crews Bank & Trust bought a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 813 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Secure Asset Management LLC increased its position in American Electric Power by 22.4% in the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock worth $2,206,000 after buying an additional 4,370 shares during the period. Grove Bank & Trust grew its position in shares of American Electric Power by 436.9% during the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after acquiring an additional 5,771 shares during the last quarter. J2 Capital Management Inc acquired a new stake in shares of American Electric Power in the 4th quarter worth about $419,000. Principal Financial Group Inc. increased its holdings in shares of American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after acquiring an additional 19,081 shares during the period. Finally, New England Asset Management Inc. bought a new stake in American Electric Power in the 3rd quarter valued at about $3,404,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEP has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the company from $98.00 to $104.00 in a research report on Monday, January 13th. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Morgan Stanley lowered their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $98.00.

American Electric Power Stock Up 0.3 %

NASDAQ AEP opened at $98.36 on Friday. The company has a market capitalization of $52.34 billion, a P/E ratio of 19.71, a PEG ratio of 2.78 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The company’s 50 day simple moving average is $95.09 and its 200 day simple moving average is $97.48.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.78%. American Electric Power’s dividend payout ratio (DPR) is presently 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.