American Electric Power Company Inc (NYSE:AEP) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in American Electric Power Company Inc (NYSE:AEP) by 100.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,453 shares of the utilities provider’s stock after acquiring an additional 17,243 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in American Electric Power were worth $3,257,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of American Electric Power by 4.6% in the 3rd quarter. Cetera Investment Advisers now owns 14,004 shares of the utilities provider’s stock valued at $1,307,000 after acquiring an additional 616 shares during the period. Stifel Financial Corp increased its stake in American Electric Power by 8.1% in the 3rd quarter. Stifel Financial Corp now owns 226,478 shares of the utilities provider’s stock valued at $21,186,000 after buying an additional 17,050 shares during the period. AE Wealth Management LLC increased its stake in American Electric Power by 40.4% in the 4th quarter. AE Wealth Management LLC now owns 41,006 shares of the utilities provider’s stock valued at $3,875,000 after buying an additional 11,790 shares during the period. First Merchants Corp acquired a new position in American Electric Power in the 3rd quarter valued at $817,000. Finally, Accredited Investors Inc. increased its stake in American Electric Power by 5.3% in the 4th quarter. Accredited Investors Inc. now owns 2,731 shares of the utilities provider’s stock valued at $258,000 after buying an additional 138 shares during the period. 73.63% of the stock is currently owned by institutional investors and hedge funds.

AEP has been the topic of several recent research reports. SunTrust Banks set a $102.00 price objective on shares of American Electric Power and gave the company a “buy” rating in a research note on Friday, October 25th. Scotiabank raised shares of American Electric Power from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $93.00 to $102.00 in a research note on Friday, December 20th. Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating and set a $101.00 price objective on the stock. in a research note on Wednesday, January 15th. Wolfe Research set a $101.00 price objective on shares of American Electric Power and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.85.

Shares of NYSE AEP opened at $103.76 on Friday. The firm has a market capitalization of $51.25 billion, a P/E ratio of 24.02, a PEG ratio of 4.14 and a beta of 0.08. American Electric Power Company Inc has a one year low of $79.02 and a one year high of $104.97. The company’s fifty day moving average is $98.46 and its two-hundred day moving average is $93.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.36 and a current ratio of 0.48.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 7th. This represents a $2.80 annualized dividend and a dividend yield of 2.70%. American Electric Power’s payout ratio is currently 70.89%.

American Electric Power Company 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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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