3,046 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Bought by Aegis Wealth Management LLC

Aegis Wealth Management LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,046 shares of the company's stock, valued at approximately $281,000.

A number of other large investors also recently bought and sold shares of AEP. DAVENPORT & Co LLC boosted its position in American Electric Power by 6.1% during the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after purchasing an additional 3,288 shares during the last quarter. Parsons Capital Management Inc. RI increased its stake in American Electric Power by 55.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 7,864 shares of the company's stock valued at $725,000 after acquiring an additional 2,800 shares during the period. Capital Insight Partners LLC acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $714,000. Allen Capital Group LLC raised its holdings in shares of American Electric Power by 231.8% in the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company's stock worth $2,823,000 after buying an additional 21,388 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $458,000. Institutional investors own 75.24% of the company's stock.

Insider Buying and Selling at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of the company's 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 transaction, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.

American Electric Power Stock Performance

Shares of NASDAQ AEP traded up $0.62 during midday trading on Friday, reaching $103.15. The company had a trading volume of 3,896,578 shares, compared to its average volume of 3,203,700. The business's 50-day simple moving average is $104.88 and its 200 day simple moving average is $100.83. The stock has a market cap of $55.10 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the business earned $1.27 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $0.93 dividend. The ex-dividend date is Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.61%. American Electric Power's payout ratio is 71.68%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. BMO Capital Markets lifted their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Bank of America raised their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Citigroup lifted their price target on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, Barclays lifted their price objective 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $105.69.

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.