Intrust Bank NA Grows Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Intrust Bank NA increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,533 shares of the company’s stock after buying an additional 1,910 shares during the quarter. Intrust Bank NA’s holdings in American Electric Power were worth $1,424,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AEP. Wellington Management Group LLP lifted its stake in shares of American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after acquiring an additional 3,589,451 shares in the last quarter. Morgan Stanley raised its position in shares of American Electric Power by 4.1% in the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after purchasing an additional 587,145 shares in the last quarter. Invesco Ltd. boosted its stake in shares of American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after buying an additional 1,181,706 shares during the last quarter. Royal Bank of Canada grew its position in shares of American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after buying an additional 374,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of American Electric Power by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,428,035 shares of the company’s stock worth $333,077,000 after buying an additional 98,897 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 1.3 %

NASDAQ AEP traded up $1.14 during trading on Tuesday, reaching $87.81. The company’s stock had a trading volume of 934,455 shares, compared to its average volume of 3,706,982. The business has a 50-day moving average price of $83.63 and a 200-day moving average price of $80.59. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.56. The stock has a market capitalization of $46.24 billion, a PE ratio of 20.39, a PEG ratio of 3.01 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.09). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the company posted $1.11 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. American Electric Power’s payout ratio is presently 82.82%.

Analyst Ratings Changes

Several research firms recently issued reports on AEP. Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research report on Monday, January 22nd. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Barclays raised their target price on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. Finally, Scotiabank reduced their price objective on American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $86.08.

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.