Community Bank N.A. Buys 3,220 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Community Bank N.A. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,177 shares of the company’s stock after purchasing an additional 3,220 shares during the quarter. Community Bank N.A.’s holdings in American Electric Power were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of American Electric Power by 2.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,110 shares of the company’s stock worth $1,633,000 after acquiring an additional 561 shares during the last quarter. Carret Asset Management LLC lifted its holdings in shares of American Electric Power by 2.3% in the 4th quarter. Carret Asset Management LLC now owns 60,446 shares of the company’s stock worth $4,909,000 after acquiring an additional 1,372 shares during the last quarter. Bfsg LLC bought a new stake in shares of American Electric Power in the 4th quarter worth approximately $172,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of American Electric Power by 14.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 4,621 shares of the company’s stock worth $374,000 after acquiring an additional 567 shares during the last quarter. Finally, Schnieders Capital Management LLC lifted its holdings in shares of American Electric Power by 38.3% in the 4th quarter. Schnieders Capital Management LLC now owns 8,333 shares of the company’s stock worth $677,000 after acquiring an additional 2,308 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AEP. BMO Capital Markets lifted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Thursday, January 11th. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Scotiabank decreased their target price on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research note on Monday. Finally, UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.08.

American Electric Power Stock Up 0.9 %

American Electric Power stock traded up $0.81 during mid-day trading on Wednesday, reaching $86.37. The stock had a trading volume of 3,865,023 shares, compared to its average volume of 3,774,513. The company has a market capitalization of $45.48 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 3.00 and a beta of 0.51. The company has a 50-day moving average price of $83.34 and a two-hundred day moving average price of $80.29. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $94.73. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 82.82%.

American Electric Power 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.