CHICAGO TRUST Co NA Has $271,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

CHICAGO TRUST Co NA lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,933 shares of the company’s stock after selling 1,030 shares during the quarter. CHICAGO TRUST Co NA’s holdings in American Electric Power were worth $271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AEP. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at about $33,000. Reston Wealth Management LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $48,000. Friedenthal Financial bought a new position in American Electric Power during the third quarter worth about $50,000. Finally, Future Financial Wealth Managment LLC acquired a new position in American Electric Power during the third quarter worth approximately $50,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Price Performance

American Electric Power stock opened at $94.54 on Tuesday. The firm has a market cap of $50.31 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. 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 stock’s fifty day moving average price is $94.64 and its two-hundred day moving average price is $96.74. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is 74.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AEP shares. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the company from $98.00 to $104.00 in a research report on Monday. Evercore ISI reduced their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Barclays dropped their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. BMO Capital Markets reduced their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday. Finally, Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average 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.