City Holding Co. Sells 212 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

City Holding Co. lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,603 shares of the company’s stock after selling 212 shares during the period. City Holding Co.’s holdings in American Electric Power were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter worth about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the 3rd quarter valued at about $33,000. Reston Wealth Management LLC bought a new position in American Electric Power in the 3rd quarter worth about $48,000. Decker Retirement Planning Inc. purchased a new position in shares of American Electric Power during the fourth quarter worth approximately $49,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley reduced their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Evercore ISI lowered 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 note on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $97.25 on Tuesday. The firm has a market capitalization of $51.75 billion, a P/E ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 52 week low of $75.22 and a 52 week high of $105.18. 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 company has a 50 day moving average price of $94.52 and a 200 day moving average price of $96.97.

About American Electric Power

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.