Crews Bank & Trust Invests $75,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Crews Bank & Trust purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 813 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Pathway Financial Advisers LLC raised its position in American Electric Power by 10,177.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares during the period. Janus Henderson Group PLC grew its stake in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. State Street Corp increased its holdings in shares of American Electric Power by 4.3% in the 3rd quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares during the period. FMR LLC boosted its stake in shares of American Electric Power by 18.8% during the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after buying an additional 1,087,163 shares during the period. Finally, Zacks Investment Management purchased a new position in shares of American Electric Power during the 3rd quarter valued at $80,207,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. UBS Group raised their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets decreased their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Up 0.3 %

AEP stock opened at $98.36 on Friday. The stock has a market capitalization of $52.34 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.56. The company has a 50-day moving average of $95.09 and a two-hundred day moving average of $97.48. American Electric Power Company, Inc. has a 52-week low of $75.22 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is currently 74.55%.

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.