Intrust Bank NA Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)
Intrust Bank NA Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)Intrust Bank NA 增加了美国电力公司（纳斯达克股票代码：AEP）的股份
Intrust Bank NA boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,123 shares of the company's stock after purchasing an additional 1,090 shares during the period. Intrust Bank NA's holdings in American Electric Power were worth $1,393,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Electric Power by 11.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,896 shares of the company's stock worth $6,993,000 after buying an additional 8,538 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of American Electric Power by 162.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,714 shares of the company's stock worth $753,000 after buying an additional 5,389 shares during the last quarter. Aveo Capital Partners LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth approximately $202,000. Ironwood Investment Counsel LLC boosted its position in shares of American Electric Power by 2.9% during the third quarter. Ironwood Investment Counsel LLC now owns 5,250 shares of the company's stock valued at $453,000 after purchasing an additional 150 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of American Electric Power by 9.1% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 23,327 shares of the company's stock valued at $2,017,000 after purchasing an additional 1,953 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.Get American Electric Power alerts:
Wall Street Analyst Weigh In
Several equities research analysts have commented on AEP shares. Cfra dropped their target price on American Electric Power from $105.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, October 27th. Guggenheim reduced their price objective on American Electric Power from $109.00 to $93.00 in a research report on Monday, October 24th. Bank of America lowered American Electric Power from a "buy" rating to a "neutral" rating and cut their price target for the company from $101.00 to $98.00 in a report on Monday, December 19th. StockNews.com began coverage on American Electric Power in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. Finally, Credit Suisse Group upped their price objective on American Electric Power from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, December 16th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $101.18.
American Electric Power Stock PerformanceShares of NASDAQ AEP traded down $1.12 during trading on Tuesday, reaching $91.38. 165,864 shares of the company traded hands, compared to its average volume of 2,630,415. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.37. American Electric Power Company, Inc. has a 12-month low of $80.30 and a 12-month high of $105.60. The firm's fifty day simple moving average is $95.05 and its 200 day simple moving average is $93.72. The stock has a market cap of $46.96 billion, a P/E ratio of 19.15, a PEG ratio of 2.82 and a beta of 0.44.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, February 9th. American Electric Power's payout ratio is 68.74%.
American Electric Power Company Profile
American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.
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