UMB Bank n.a. Reduces Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

UMB Bank n.a. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,390 shares of the company’s stock after selling 1,370 shares during the quarter. UMB Bank n.a.’s holdings in American Electric Power were worth $3,633,000 as of its most recent filing with the SEC.

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

American Electric Power Trading Up 0.4 %

NASDAQ:AEP opened at $97.25 on Tuesday. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The business’s 50-day simple moving average is $94.52 and its 200 day simple moving average is $96.97. 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 stock has a market cap of $51.75 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56.

Analyst Ratings Changes

AEP has been the topic of a number of research analyst reports. 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. Morgan Stanley lowered their target price 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. Barclays cut their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Company 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.