American Electric Power Company, Inc. (NASDAQ:AEP) Position Increased by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,250 shares of the company's stock after acquiring an additional 2,454 shares during the quarter. American Electric Power makes up 2.6% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 8th biggest position. Allen Mooney & Barnes Investment Advisors LLC's holdings in American Electric Power were worth $16,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEP. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of American Electric Power during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at about $28,000. Bank of New Hampshire purchased a new position in shares of American Electric Power during the 1st quarter valued at about $28,000. Fairway Wealth LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at about $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of American Electric Power during the 4th quarter valued at about $35,000. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 1.1%

American Electric Power stock traded up $1.08 during mid-day trading on Thursday, hitting $103.02. The company's stock had a trading volume of 2,124,779 shares, compared to its average volume of 3,198,638. The company has a 50 day moving average of $104.11 and a 200-day moving average of $101.06. The stock has a market cap of $55.03 billion, a PE ratio of 18.40, a P/E/G ratio of 2.97 and a beta of 0.42. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48.

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 the consensus estimate of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. During the same period in the prior year, the business earned $1.27 EPS. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AEP shares. Guggenheim lifted their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Citigroup lifted their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. 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. 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 note on Friday, June 6th. Finally, Morgan Stanley reduced their price objective on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $107.75.

Insiders Place Their Bets

In related news, 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 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David Matthew Feinberg sold 8,057 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total value of $829,387.58. Following the sale, the executive vice president now owns 26,298 shares of the company's stock, valued at $2,707,116.12. This trade represents a 23.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,256 shares of company stock worth $2,688,472. 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.