Bank of Jackson Hole Trust Invests $356,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Bank of Jackson Hole Trust acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,861 shares of the company's stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. Legacy Investment Solutions LLC acquired a new position in shares of American Electric Power during the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of American Electric Power in the third quarter valued at about $33,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the 4th quarter worth approximately $35,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power in the fourth quarter valued at about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of American Electric Power during the 3rd quarter valued at $48,000. Institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

AEP has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of 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. Morgan Stanley reduced 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 report on Friday, November 22nd. Evercore ISI cut their price target on American Electric Power from $97.00 to $96.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a "sell" rating in a report on Thursday, November 7th. Finally, Barclays decreased their target price on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 26th. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.00.

American Electric Power Price Performance

American Electric Power stock traded up $0.98 during mid-day trading on Friday, reaching $105.33. The company had a trading volume of 4,001,955 shares, compared to its average volume of 3,314,018. The company has a market capitalization of $56.16 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.91 and a beta of 0.58. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $105.73. The stock's 50-day simple moving average is $96.26 and its 200-day simple moving average is $98.04. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the business earned $1.23 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. American Electric Power's dividend payout ratio is presently 66.43%.

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.