American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,637 shares of the company’s stock after selling 954 shares during the quarter. Fulton Bank N.A.’s holdings in American Electric Power were worth $915,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH grew its position in shares of American Electric Power by 20.3% in the 4th quarter. Trust Co. of Toledo NA OH now owns 6,214 shares of the company’s stock worth $590,000 after acquiring an additional 1,049 shares in the last quarter. Abner Herrman & Brock LLC grew its position in shares of American Electric Power by 123.8% in the 4th quarter. Abner Herrman & Brock LLC now owns 25,651 shares of the company’s stock worth $2,436,000 after acquiring an additional 14,191 shares in the last quarter. Continental Investors Services Inc. bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $297,000. Perigon Wealth Management LLC lifted its holdings in shares of American Electric Power by 13.1% in the 3rd quarter. Perigon Wealth Management LLC now owns 7,191 shares of the company’s stock worth $622,000 after purchasing an additional 831 shares during the last quarter. Finally, WealthPlan Investment Management LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $866,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

American Electric Power Stock Down 1.4 %

AEP opened at $90.70 on Friday. American Electric Power Company, Inc. has a one year low of $80.30 and a one year high of $105.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.56 and a current ratio of 0.65. The stock’s fifty day moving average is $91.43 and its 200-day moving average is $91.14. The company has a market capitalization of $46.61 billion, a PE ratio of 20.11, a P/E/G ratio of 2.81 and a beta of 0.44.

American Electric Power (NASDAQ:AEP – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. American Electric Power had a return on equity of 10.75% and a net margin of 11.77%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the business earned $0.98 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.26 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Thursday, February 9th. American Electric Power’s dividend payout ratio is presently 73.61%.

Analyst Upgrades and Downgrades

AEP has been the topic of several recent research reports. Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and cut their price target for the stock from $101.00 to $98.00 in a report on Monday, December 19th. JPMorgan Chase & Co. cut their price target on American Electric Power from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Friday, March 10th. StockNews.com initiated coverage on American Electric Power in a report on Friday. They issued a “hold” rating on the stock. Royal Bank of Canada cut their price target on American Electric Power from $109.00 to $103.00 and set an “outperform” rating on the stock in a report on Thursday, March 2nd. Finally, BMO Capital Markets lifted their target price on American Electric Power from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, December 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.83.

Insider Transactions at American Electric Power

In other news, insider Nicholas K. Akins sold 51,034 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $89.44, for a total value of $4,564,480.96. Following the sale, the insider now owns 143,547 shares of the company’s stock, valued at approximately $12,838,843.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Greg B. Hall sold 884 shares of American Electric Power stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.99, for a total value of $80,435.16. Following the transaction, the executive vice president now directly owns 7,331 shares in the company, valued at approximately $667,047.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas K. Akins sold 51,034 shares of American Electric Power stock in a transaction on Friday, February 24th. The stock was sold at an average price of $89.44, for a total value of $4,564,480.96. Following the completion of the transaction, the insider now owns 143,547 shares in the company, valued at $12,838,843.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,897 shares of company stock valued at $5,723,900. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Profile

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.