Centennial Bank AR has $403,000 position in American Electric Power Company, Inc. (NASDAQ:AEP)

Centennial Bank AR reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,589 shares of the company’s stock after selling 270 shares during the quarter. Centennial Bank AR’s holdings in American Electric Power were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. KBC Group NV boosted its position in shares of American Electric Power by 18.3% in the fourth quarter. KBC Group NV now owns 38,743 shares of the company’s stock valued at $3,147,000 after purchasing an additional 5,993 shares during the period. Jones Financial Companies Lllp grew its stake in American Electric Power by 100.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,234 shares of the company’s stock valued at $425,000 after buying an additional 2,627 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of American Electric Power by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 861,127 shares of the company’s stock valued at $69,941,000 after acquiring an additional 26,927 shares during the period. Rafferty Asset Management LLC raised its stake in American Electric Power by 20.5% in the fourth quarter. Rafferty Asset Management LLC now owns 190,234 shares of the company’s stock worth $15,451,000 after buying an additional 32,400 shares in the last quarter. Finally, First Trust Advisors LP grew its position in American Electric Power by 1.0% during the 4th quarter. First Trust Advisors LP now owns 1,395,676 shares of the company’s stock worth $113,357,000. after acquiring an additional 13,771 shares in the last quarter. 75.24% of shares are owned by institutional investors.

Analyst upgrades and downgrades

A number of analysts have recently analyzed the action. BMO Capital Markets boosted their target price on shares of American Electric Power from $105.00 to $109.00 and gave the company an “outperform” rating in a report on Monday, September 9th. Barclays raised their target price on shares of American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank lifted their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on American Electric Power in a research note on Friday, September 20th. They issued a “hold” rating and a $107.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $96.43, based on data from MarketBeat.com.

Check out our latest research report on AEP

US electricity trading down 0.4%

Shares of AEP stock opened at $102.22 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48, and a current ratio of 0.65. American Electric Power Company, Inc. it has a 52-week low of $69.38 and a 52-week high of $105.18. The firm has a market cap of $53.88 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.93 and a beta of 0.54. The company’s fifty-day moving average is $100.05, and its 200-day moving average is $91.97.

American Electric Power (NASDAQ:AEP – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s quarterly revenue was up 4.5% year over year. In the same quarter last year, the company earned $1.13 per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electricity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, August 9. This represents a dividend of $3.52 on an annualized basis and a dividend yield of 3.44%. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

About American Electric Power

(Free Report)

American Electric Power Company, Inc, a public electric utility holding company, engages in the generation, transmission and distribution of electric power 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 and marketing segments.

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