American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,510 shares of the company’s stock after selling 690 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in American Electric Power were worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its position in American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares during the period. State Street Corp boosted its stake in shares of American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock worth $2,760,223,000 after buying an additional 1,114,954 shares during the last quarter. FMR LLC raised its position in American Electric Power by 18.8% during the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in American Electric Power during the third quarter valued at approximately $80,207,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.0 %

Shares of American Electric Power stock opened at $99.36 on Tuesday. American Electric Power Company, Inc. has a 1-year low of $75.22 and a 1-year 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 stock has a market cap of $52.87 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.79 and a beta of 0.56. The stock’s 50 day simple moving average is $95.11 and its 200-day simple moving average is $97.60.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.74%. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analyst Weigh In

Several research firms have commented on AEP. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company cut their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.00.

About American Electric Power

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.