American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,111 shares of the company’s stock after selling 161 shares during the period. Tompkins Financial Corp’s holdings in American Electric Power were worth $102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power during the 3rd quarter valued at $33,000. Reston Wealth Management LLC purchased a new stake in American Electric Power during the 3rd quarter worth $48,000. Decker Retirement Planning Inc. acquired a new position in American Electric Power in the 4th quarter worth $49,000. Finally, Future Financial Wealth Managment LLC purchased a new position in American Electric Power in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $97.25 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average of $94.51 and a two-hundred day moving average of $96.77. The company has a market cap of $51.75 billion, a P/E ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were paid a dividend of $0.93 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, November 8th. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $102.00 in a report on Thursday, December 12th. Morgan Stanley decreased their price objective on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Evercore ISI cut 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.