American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Reduced by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 28.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,885 shares of the company’s stock after selling 758 shares during the quarter. Trust Co. of Vermont’s holdings in American Electric Power were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. ICA Group Wealth Management LLC increased its stake in American Electric Power by 52.6% during the fourth quarter. ICA Group Wealth Management LLC now owns 4,474 shares of the company’s stock valued at $363,000 after purchasing an additional 1,542 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of American Electric Power by 35.7% during the 4th quarter. Fisher Asset Management LLC now owns 7,190 shares of the company’s stock valued at $584,000 after buying an additional 1,892 shares during the last quarter. Gerber LLC acquired a new stake in American Electric Power during the fourth quarter worth about $241,000. Richardson Financial Services Inc. bought a new position in American Electric Power in the fourth quarter worth about $241,000. Finally, American International Group Inc. boosted its stake in American Electric Power by 1.8% in the fourth quarter. American International Group Inc. now owns 170,116 shares of the company’s stock valued at $13,817,000 after acquiring an additional 3,045 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the sale, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Electric Power Stock Performance

AEP opened at $87.75 on Tuesday. The business has a 50 day moving average price of $87.86 and a two-hundred day moving average price of $83.71. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The company has a market capitalization of $46.25 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.61 and a beta of 0.53. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.44.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 4.01%. American Electric Power’s dividend payout ratio is currently 65.31%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their price target for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. Cfra reiterated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets raised their price target on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $88.92.

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.