Indiana Trust & Investment Management Co Sells 666 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Indiana Trust & Investment Management Co decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,601 shares of the company’s stock after selling 666 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in American Electric Power were worth $424,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. XML Financial LLC boosted its holdings in shares of American Electric Power by 3.8% in the 3rd quarter. XML Financial LLC now owns 2,921 shares of the company’s stock worth $300,000 after purchasing an additional 106 shares in the last quarter. PSI Advisors LLC lifted its position in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company’s stock worth $103,000 after buying an additional 107 shares during the last quarter. Garrison Asset Management LLC boosted its stake in American Electric Power by 0.6% in the third quarter. Garrison Asset Management LLC now owns 19,009 shares of the company’s stock worth $1,950,000 after buying an additional 109 shares in the last quarter. Roanoke Asset Management Corp NY grew its position in American Electric Power by 2.2% during the third quarter. Roanoke Asset Management Corp NY now owns 5,025 shares of the company’s stock valued at $516,000 after acquiring an additional 110 shares during the last quarter. Finally, First United Bank & Trust raised its stake in shares of American Electric Power by 17.1% during the third quarter. First United Bank & Trust now owns 766 shares of the company’s stock worth $79,000 after acquiring an additional 112 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of AEP stock opened at $101.88 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The firm has a market cap of $54.21 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.84 and a beta of 0.58. The business’s 50 day moving average price is $95.16 and its 200-day moving average price is $97.83. American Electric Power Company, Inc. has a fifty-two week low of $76.31 and a fifty-two week high of $105.18.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is currently 74.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AEP shares. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Morgan Stanley lowered their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Evercore ISI reduced their price objective 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, UBS Group increased their target price on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $98.00.

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.