First American Bank Has $7.77 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

First American Bank lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 84,214 shares of the company’s stock after acquiring an additional 1,216 shares during the period. First American Bank’s holdings in American Electric Power were worth $7,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power in the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in American Electric Power in the third quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the fourth quarter worth about $35,000. Kestra Investment Management LLC bought a new position in American Electric Power during the fourth quarter worth about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in American Electric Power during the third quarter valued at approximately $48,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 1.6 %

Shares of NASDAQ AEP opened at $105.16 on Friday. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $107.84. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average of $97.71 and a two-hundred day moving average of $98.31. The company has a market cap of $56.07 billion, a PE ratio of 18.78, a P/E/G ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a yield of 3.54%. American Electric Power’s dividend payout ratio is currently 66.43%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and increased their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Wells Fargo & Company cut their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.46.

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.