UMB Bank n.a. Lowers Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

UMB Bank n.a. cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,545 shares of the company's stock after selling 8,845 shares during the period. UMB Bank n.a.'s holdings in American Electric Power were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in American Electric Power by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock worth $315,498,000 after acquiring an additional 738,756 shares during the period. Brighton Jones LLC grew its position in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after acquiring an additional 1,095 shares during the period. Strategic Financial Concepts LLC purchased a new position in American Electric Power in the fourth quarter worth approximately $1,736,000. Sumitomo Mitsui Trust Group Inc. grew its position in American Electric Power by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,322,204 shares of the company's stock worth $121,947,000 after acquiring an additional 5,552 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in American Electric Power by 6.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 70,875 shares of the company's stock worth $6,537,000 after acquiring an additional 4,289 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup raised their price target on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group raised their price target on American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research report on Friday, June 6th. Morgan Stanley lowered their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company raised their price target on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Guggenheim raised their price target on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $107.75.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $101.49, for a total transaction of $817,806.42. Following the transaction, the executive vice president now owns 18,332 shares of the company's stock, valued at approximately $1,860,514.68. This trade represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the transaction, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. The trade was a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,256 shares of company stock worth $2,688,472 over the last ninety days. Corporate insiders own 0.07% of the company's stock.

American Electric Power Stock Up 0.1%

Shares of NASDAQ AEP traded up $0.07 during mid-day trading on Wednesday, hitting $101.94. The company had a trading volume of 2,193,082 shares, compared to its average volume of 3,197,595. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market capitalization of $54.46 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The business's 50-day simple moving average is $104.11 and its 200 day simple moving average is $101.06.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The company had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.33 billion. During the same period last year, the firm earned $1.27 earnings per share. American Electric Power's quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio is presently 71.68%.

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.