Farmers & Merchants Trust Co of Chambersburg PA reduced its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,325 shares of the utilities provider’s stock after selling 175 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in American Electric Power were worth $850,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEP. Arlington Partners LLC bought a new position in American Electric Power in the 4th quarter valued at about $30,000. Mackey Komara & Dankovich LLC acquired a new stake in American Electric Power in the 4th quarter valued at about $49,000. OLD Second National Bank of Aurora lifted its holdings in American Electric Power by 22.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 1,549 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 280 shares during the last quarter. SevenBridge Financial Group LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $136,000. Finally, Private Capital Group LLC lifted its holdings in American Electric Power by 83.9% in the 3rd quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 950 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.
In other American Electric Power news, insider Lisa M. Barton sold 881 shares of American Electric Power stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total transaction of $68,321.55. Following the completion of the transaction, the insider now directly owns 581 shares of the company’s stock, valued at $45,056.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.
AEP opened at $79.55 on Thursday. The company has a market capitalization of $39.60 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.17. American Electric Power Company Inc has a 1-year low of $62.71 and a 1-year high of $81.05. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.46.
American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, January 24th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.97 billion. American Electric Power had a return on equity of 10.33% and a net margin of 11.91%. American Electric Power’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. As a group, sell-side analysts predict that American Electric Power Company Inc will post 4.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 8th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.37%. American Electric Power’s payout ratio is presently 67.85%.
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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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