Trust Co. of Vermont Has $153,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Trust Co. of Vermont lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,885 shares of the company’s stock after selling 758 shares during the quarter. Trust Co. of Vermont’s holdings in American Electric Power were worth $153,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. ICA Group Wealth Management LLC raised its holdings in shares of American Electric Power by 52.6% in the fourth quarter. ICA Group Wealth Management LLC now owns 4,474 shares of the company’s stock valued at $363,000 after buying an additional 1,542 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of American Electric Power by 35.7% in the fourth quarter. Fisher Asset Management LLC now owns 7,190 shares of the company’s stock valued at $584,000 after purchasing an additional 1,892 shares in the last quarter. Gerber LLC bought a new position in American Electric Power in the 4th quarter worth approximately $241,000. Richardson Financial Services Inc. acquired a new position in shares of American Electric Power during the fourth quarter valued at $241,000. Finally, American International Group Inc. boosted its holdings in American Electric Power by 1.8% in the fourth quarter. American International Group Inc. now owns 170,116 shares of the company’s stock valued at $13,817,000 after acquiring an additional 3,045 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $87.75 on Tuesday. The stock’s fifty day simple moving average is $87.86 and its 200 day simple moving average is $83.71. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $46.25 billion, a PE ratio of 16.28, a PEG ratio of 2.61 and a beta of 0.53. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $1.11 earnings per share. American Electric Power’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Insider Transactions at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AEP. Cfra restated a “buy” rating and set a $92.00 target price (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Barclays raised their price objective on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Scotiabank raised their price target on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price objective on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.92.

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.