5,368 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,368 shares of the company's stock, valued at approximately $554,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ bought a new stake in American Electric Power in the fourth quarter worth $25,000. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth $28,000. Bank of New Hampshire purchased a new stake in shares of American Electric Power in the first quarter worth $28,000. Finally, Fairway Wealth LLC purchased a new stake in shares of American Electric Power in the fourth quarter worth $32,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company'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 completion of the sale, the executive vice president now owns 9,658 shares in the company, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total value of $829,387.58. Following the transaction, the executive vice president now directly owns 26,298 shares of the company's stock, valued at approximately $2,707,116.12. The trade was a 23.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays increased their target price on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Raymond James Financial assumed coverage on American Electric Power in a research note on Friday, June 13th. They issued an "outperform" rating and a $115.00 target price on the stock. Guggenheim increased their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Citigroup increased their target price on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley lowered their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $108.31.

American Electric Power Trading Down 1.8%

Shares of NASDAQ:AEP opened at $101.41 on Thursday. The company has a market cap of $54.17 billion, a P/E ratio of 19.54, a PEG ratio of 2.74 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48. The stock's fifty day moving average price is $103.83 and its 200-day moving average price is $101.33.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.

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.

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