American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,654 shares of the company’s stock after acquiring an additional 3,791 shares during the quarter. OLD National Bancorp IN’s holdings in American Electric Power were worth $11,866,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Allen Capital Group LLC boosted its stake in shares of American Electric Power by 231.8% during the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company’s stock valued at $2,823,000 after buying an additional 21,388 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of American Electric Power by 5.3% during the 4th quarter. Forsta AP Fonden now owns 114,200 shares of the company’s stock valued at $10,533,000 after buying an additional 5,700 shares during the last quarter. R Squared Ltd purchased a new position in shares of American Electric Power during the 4th quarter valued at approximately $115,000. SteelPeak Wealth LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at approximately $2,405,000. Finally, Perigon Wealth Management LLC boosted its stake in shares of American Electric Power by 1.1% during the 4th quarter. Perigon Wealth Management LLC now owns 13,241 shares of the company’s stock valued at $1,282,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AEP. Evercore ISI reduced their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $104.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Barclays reduced their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Price Performance

Shares of AEP opened at $98.05 on Thursday. The firm has a market capitalization of $52.17 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.77 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The stock’s fifty day moving average is $95.09 and its 200-day moving average is $97.47.

American Electric Power Dividend Announcement

The firm 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 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.