First National Trust Co Purchases 1,268 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

First National Trust Co lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,184 shares of the company’s stock after purchasing an additional 1,268 shares during the quarter. First National Trust Co’s holdings in American Electric Power were worth $8,945,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in American Electric Power by 542.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock worth $193,541,000 after buying an additional 1,927,234 shares during the last quarter. National Bank of Canada FI boosted its stake in American Electric Power by 221.9% in the first quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after buying an additional 1,182,451 shares in the last quarter. Zimmer Partners LP grew its position in American Electric Power by 578.2% during the first quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock valued at $83,948,000 after acquiring an additional 831,235 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of American Electric Power by 9.9% during the first quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock worth $739,303,000 after acquiring an additional 776,965 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Evercore ISI decreased their price target on 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. BMO Capital Markets dropped their price objective on American Electric Power from $111.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Scotiabank raised their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, UBS Group upped their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.27.

American Electric Power Stock Performance

Shares of AEP opened at $94.51 on Tuesday. The company has a 50-day simple moving average of $100.40 and a two-hundred day simple moving average of $95.05. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $50.29 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.55. American Electric Power Company, Inc. has a one year low of $74.97 and a one year high of $105.18.

American Electric Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.94%. American Electric Power’s payout ratio is currently 70.54%.

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.