American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,653 shares of the company's stock after acquiring an additional 7,131 shares during the period. Trust Co. of Toledo NA OH's holdings in American Electric Power were worth $1,720,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after buying an additional 1,114,954 shares during the period. Geode Capital Management LLC lifted its holdings in American Electric Power by 2.9% in the third quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company's stock worth $1,280,655,000 after purchasing an additional 352,588 shares during the period. FMR LLC lifted its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company's stock worth $704,549,000 after acquiring an additional 1,087,163 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company's stock valued at $466,191,000 after acquiring an additional 341,846 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of American Electric Power by 109.5% during the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company's stock valued at $385,079,000 after acquiring an additional 1,962,125 shares during the period. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AEP. Wells Fargo & Company decreased their price target on 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. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. restated a "neutral" rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $98.00 to $104.00 in a report on Monday. Finally, UBS Group raised their target price 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.00.

American Electric Power Stock Up 0.3 %

NASDAQ:AEP traded up $0.27 on Monday, hitting $93.78. 1,653,318 shares of the company's stock traded hands, compared to its average volume of 3,043,533. The firm has a 50-day moving average price of $94.72 and a 200-day moving average price of $96.69. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The company has a market cap of $49.90 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were given a $0.93 dividend. 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 yield of 3.97%. The ex-dividend date was Friday, November 8th. American Electric Power's dividend payout ratio is presently 74.55%.

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.

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