Trust Co. of Toledo NA OH Decreases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Trust Co. of Toledo NA OH reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,596 shares of the company’s stock after selling 1,357 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Electric Power were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Apella Capital LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at about $348,000. Rockline Wealth Management LLC acquired a new stake in American Electric Power during the fourth quarter worth about $1,982,000. Nisa Investment Advisors LLC grew its holdings in American Electric Power by 28.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after acquiring an additional 11,065 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in American Electric Power by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock worth $5,115,000 after acquiring an additional 16,225 shares during the period. Finally, Nordea Investment Management AB boosted its position in American Electric Power by 1,592.1% during the fourth quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after purchasing an additional 389,675 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of AEP stock opened at $87.55 on Thursday. The stock has a market capitalization of $46.15 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $93.44. The stock’s 50-day moving average price is $87.91 and its 200 day moving average price is $83.76. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the company earned $1.11 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. American Electric Power’s payout ratio is 65.31%.

Analysts Set New Price Targets

AEP has been the topic of a number of recent analyst reports. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Morgan Stanley increased their price target on American Electric Power from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. BMO Capital Markets increased their price target on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Wells Fargo & Company raised their target price on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the company from $86.00 to $83.00 in a research report on Monday, March 11th. 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 stock. According to data from MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $88.92.

Insider Transactions at American Electric Power

In related news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 6,385 shares in the company, valued at approximately $563,476.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at $563,476.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.