American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lessened by Fulton Bank N.A.

Fulton Bank N.A. decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,459 shares of the company’s stock after selling 4,479 shares during the quarter. Fulton Bank N.A.’s holdings in American Electric Power were worth $1,996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AEP. HHM Wealth Advisors LLC lifted its holdings in shares of American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. Denali Advisors LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the first quarter valued at $29,000. Finally, LRI Investments LLC acquired a new stake in shares of American Electric Power in the first quarter valued at $37,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $98.06 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power Company, Inc. has a fifty-two week low of $72.01 and a fifty-two week high of $105.18. The stock’s 50-day moving average is $100.37 and its two-hundred day moving average is $92.36. The firm has a market cap of $51.69 billion, a P/E ratio of 18.19, a PEG ratio of 2.93 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the firm posted $1.13 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 5.6 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective for the company. Scotiabank upped their target price on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America upped their target price on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Guggenheim upped their target price on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Morgan Stanley upped their target price on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.79.

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.