Dorsey & Whitney Trust CO LLC Has $314,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Dorsey & Whitney Trust CO LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.4% in the 2nd quarter, Holdings Channel reports. The fund owned 3,580 shares of the company’s stock after selling 204 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in American Electric Power were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AEP. Frazier Financial Advisors LLC bought a new stake in American Electric Power during the 4th quarter worth $26,000. Denali Advisors LLC bought a new stake in shares of American Electric Power during the first quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of American Electric Power in the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. bought a new position in American Electric Power in the 1st quarter valued at approximately $29,000. Finally, LRI Investments LLC boosted its position in American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after buying an additional 365 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Down 0.1 %

Shares of NASDAQ AEP opened at $102.99 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market cap of $54.29 billion, a PE ratio of 19.11, a P/E/G ratio of 2.92 and a beta of 0.54. The company’s fifty day simple moving average is $97.06 and its 200 day simple moving average is $90.14. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $104.41.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.42%. American Electric Power’s dividend payout ratio is 65.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AEP shares. Morgan Stanley raised their price target on shares of American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Scotiabank lifted their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America increased their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Guggenheim raised their price target on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Barclays boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.15.

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.