FLC Capital Advisors Purchases Shares of 2,430 American Electric Power Company, Inc. (NASDAQ:AEP)

FLC Capital Advisors bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,430 shares of the company's stock, valued at approximately $266,000.

A number of other large investors have also recently added to or reduced their stakes in AEP. Kingswood Wealth Advisors LLC grew its position in American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock worth $364,000 after acquiring an additional 430 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in American Electric Power in the first quarter valued at $262,000. Robertson Stephens Wealth Management LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at $205,000. GAMMA Investing LLC boosted its position in shares of American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock valued at $2,150,000 after purchasing an additional 3,867 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in American Electric Power by 26.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after purchasing an additional 73,488 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Guggenheim boosted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. BMO Capital Markets raised their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Citigroup upped their target price on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Barclays boosted their target price on shares of American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Finally, UBS Group increased their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, American Electric Power currently has an average rating of "Hold" and a consensus target price of $108.31.

American Electric Power Stock Performance

Shares of AEP stock traded up $1.47 during mid-day trading on Friday, hitting $107.40. 4,443,910 shares of the stock were exchanged, compared to its average volume of 3,241,118. The stock's fifty day simple moving average is $102.92 and its two-hundred day simple moving average is $102.79. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $110.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.31 and a current ratio of 0.42. The stock has a market capitalization of $57.37 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.85 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.46%. American Electric Power's dividend payout ratio is 71.68%.

Insiders Place Their Bets

In related news, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the transaction, the executive vice president owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the 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 owned 9,658 shares of the company's stock, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,314 shares of company stock worth $3,508,293 over the last ninety days. 0.07% of the stock is currently owned by company insiders.

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.