Advisor Resource Council Invests $296,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Advisor Resource Council purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,707 shares of the company's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New Hampshire acquired a new stake in shares of American Electric Power in the 1st quarter valued at $28,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new position in American Electric Power in the fourth quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in American Electric Power during the fourth quarter worth about $32,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $38,000. Institutional investors own 75.24% of the company's stock.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president now directly owns 9,658 shares in the company, valued at $991,683.44. This represents a 51.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $101.49, for a total value of $817,806.42. Following the sale, the executive vice president now owns 18,332 shares in the company, valued at $1,860,514.68. The trade was a 30.53% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 Down 1.8%

Shares of AEP traded down $1.87 during trading hours on Wednesday, hitting $101.41. 2,181,422 shares of the stock were exchanged, compared to its average volume of 3,197,693. American Electric Power Company, Inc. has a fifty-two week low of $85.93 and a fifty-two week high of $110.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. The business has a 50-day moving average of $103.83 and a 200-day moving average of $101.33. The firm has a market capitalization of $54.17 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.74 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued 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. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the previous year, the company posted $1.27 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 3.67%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio is currently 71.68%.

Analyst Ratings Changes

Several research firms have issued reports on AEP. Wells Fargo & Company upped their price objective on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Barclays upped their price target on 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. UBS Group lifted their price objective 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. Bank of America boosted their price objective 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, BMO Capital Markets raised their target price on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $108.31.

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.