American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Glenview Trust co

Glenview Trust co increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 148.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,566 shares of the company's stock after buying an additional 7,509 shares during the period. Glenview Trust co's holdings in American Electric Power were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AEP. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the 3rd quarter worth approximately $25,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in American Electric Power in the fourth quarter worth $32,000. Safe Harbor Fiduciary LLC purchased a new position in American Electric Power in the third quarter worth $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analysts Set New Price Targets

AEP has been the topic of several research analyst reports. Scotiabank downgraded American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 target price (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. BMO Capital Markets cut their price target on shares of American Electric Power from $108.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, Barclays lowered their price objective on shares of American Electric Power from $100.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $99.92.

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American Electric Power Stock Performance

Shares of NASDAQ AEP traded down $1.10 during midday trading on Friday, reaching $105.11. 5,649,156 shares of the stock were exchanged, compared to its average volume of 2,764,280. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The firm has a market cap of $56.10 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.97 and a beta of 0.50. The firm has a 50-day simple moving average of $101.66 and a two-hundred day simple moving average of $99.05. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52.

American Electric Power (NASDAQ:AEP - Get Free Report) last released 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 quarter last year, the firm earned $1.23 EPS. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.54%. American Electric Power's dividend payout ratio is currently 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.