American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,523 shares of the company’s stock after acquiring an additional 1,817 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in American Electric Power were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Dimensional Fund Advisors LP boosted its position in American Electric Power by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,459,848 shares of the company’s stock valued at $128,094,000 after buying an additional 141,556 shares during the last quarter. Ieq Capital LLC increased its stake in shares of American Electric Power by 53.1% in the second quarter. Ieq Capital LLC now owns 21,794 shares of the company’s stock worth $1,912,000 after acquiring an additional 7,562 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of American Electric Power by 2.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,616 shares of the company’s stock worth $844,000 after purchasing an additional 186 shares during the last quarter. Bridges Investment Management Inc. lifted its position in American Electric Power by 71.6% during the second quarter. Bridges Investment Management Inc. now owns 4,495 shares of the company’s stock valued at $394,000 after purchasing an additional 1,875 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in American Electric Power by 10.8% in the second quarter. King Luther Capital Management Corp now owns 6,255 shares of the company’s stock valued at $549,000 after purchasing an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock opened at $97.25 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The business has a 50 day simple moving average of $94.52 and a two-hundred day simple moving average of $96.91. The stock has a market capitalization of $51.75 billion, a P/E ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AEP shares. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. UBS Group raised their price target on shares of American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average target price of $98.00.

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.