American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by TI Trust Inc.

TI Trust Inc. lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 6,713 shares of the company’s stock after selling 123 shares during the quarter. TI Trust Inc.’s holdings in American Electric Power were worth $619,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of American Electric Power during the 3rd quarter valued at $33,000. Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter worth $48,000. Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power in the 4th quarter worth $49,000. Finally, Future Financial Wealth Managment LLC acquired a new position in American Electric Power in the third quarter valued at $50,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.7 %

AEP stock opened at $98.18 on Monday. The company has a market capitalization of $52.24 billion, a P/E ratio of 19.68, a PEG ratio of 2.77 and a beta of 0.56. The firm has a 50 day simple moving average of $94.87 and a 200-day simple moving average of $97.26. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is currently 74.55%.

Analysts Set New Price Targets

AEP has been the topic of a number of research reports. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. 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 report on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus 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.