American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,263 shares of the company’s stock after selling 2,985 shares during the period. Wesbanco Bank Inc.’s holdings in American Electric Power were worth $6,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth about $33,000. Reston Wealth Management LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth about $48,000. Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power during the 4th quarter worth about $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the 3rd quarter worth about $50,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

AEP stock opened at $97.49 on Thursday. The firm has a 50 day moving average of $94.68 and a two-hundred day moving average of $97.11. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company has a market capitalization of $51.88 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.76 and a beta of 0.56.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Barclays dropped their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. UBS Group boosted their target price on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. One 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 stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus 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.