Hancock Whitney Corp Sells 189 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Hancock Whitney Corp cut its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,385 shares of the company’s stock after selling 189 shares during the quarter. Hancock Whitney Corp’s holdings in American Electric Power were worth $1,066,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of American Electric Power by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,543,771 shares of the company’s stock valued at $466,191,000 after buying an additional 341,846 shares during the period. Envestnet Asset Management Inc. lifted its position in American Electric Power by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,378,543 shares of the company’s stock valued at $296,433,000 after acquiring an additional 35,769 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in American Electric Power by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,183,200 shares of the company’s stock worth $326,596,000 after purchasing an additional 51,467 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after purchasing an additional 1,963,154 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of American Electric Power by 51.1% in the second quarter. Raymond James & Associates now owns 1,844,968 shares of the company’s stock valued at $161,877,000 after purchasing an additional 623,789 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Up 1.3 %

American Electric Power stock opened at $99.33 on Wednesday. American Electric Power Company, Inc. has a twelve month low of $75.22 and a twelve month high of $105.18. The company’s 50-day moving average price is $98.87 and its two-hundred day moving average price is $95.64. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $52.86 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.82 and a beta of 0.55.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a yield of 3.75%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AEP. Evercore ISI decreased their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Barclays reduced their target price on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley cut their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, BMO Capital Markets lowered their price target on American Electric Power from $111.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.93.

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.