3,617 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,617 shares of the company's stock, valued at approximately $395,000.

Several other large investors also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $25,000. EQ Wealth Advisors LLC bought a new stake in American Electric Power in the 1st quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new stake in American Electric Power in the 4th quarter valued at about $28,000. Bank of New Hampshire acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $28,000. Finally, Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $32,000. 75.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction 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 transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the transaction, the executive vice president directly owned 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 sold a total of 34,314 shares of company stock valued at $3,508,293 over the last three months. 0.07% of the stock is currently owned by insiders.

American Electric Power Trading Up 1.3%

AEP traded up $1.30 during midday trading on Monday, hitting $103.76. 3,246,315 shares of the company were exchanged, compared to its average volume of 3,200,651. The firm has a market capitalization of $55.43 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.72 and a beta of 0.42. The firm's 50 day moving average price is $103.61 and its 200-day moving average price is $101.55. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1-year low of $86.83 and a 1-year high of $110.48.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $0.93 per share. The ex-dividend date was Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.59%. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group raised their price objective on American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. Citigroup boosted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Barclays raised their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Bank of America boosted their price target on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Finally, Morgan Stanley lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average price target of $108.31.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.