Zions Bancorporation N.A. Sells 2,168 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Zions Bancorporation N.A. lowered its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,770 shares of the company’s stock after selling 2,168 shares during the period. Zions Bancorporation N.A.’s holdings in American Electric Power were worth $6,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. HHM Wealth Advisors LLC lifted its position in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 103 shares during the period. Frazier Financial Advisors LLC acquired a new position in American Electric Power during the fourth quarter worth $26,000. Denali Advisors LLC bought a new position in shares of American Electric Power during the first quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $27,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of American Electric Power in the 1st quarter worth about $29,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.1 %

NASDAQ:AEP opened at $102.99 on Friday. The business’s 50-day moving average price is $97.06 and its two-hundred day moving average price is $90.14. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $104.41. The firm has a market capitalization of $54.29 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.42%. American Electric Power’s dividend payout ratio is currently 65.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AEP shares. Scotiabank lifted their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their target price on American Electric Power from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday. Barclays increased their price target on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Guggenheim lifted their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Bank of America raised their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.15.

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.