American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,947 shares of the company's stock after purchasing an additional 4,177 shares during the quarter. American Electric Power makes up 1.3% of TrueMark Investments LLC's investment portfolio, making the stock its 28th biggest holding. TrueMark Investments LLC's holdings in American Electric Power were worth $5,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% in the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after purchasing an additional 1,095 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of American Electric Power during the 4th quarter worth about $35,000. Global Retirement Partners LLC lifted its stake in American Electric Power by 7.7% during the fourth quarter. Global Retirement Partners LLC now owns 6,198 shares of the company's stock worth $572,000 after purchasing an additional 444 shares during the last quarter. Private Advisor Group LLC boosted its holdings in American Electric Power by 2.7% in the fourth quarter. Private Advisor Group LLC now owns 56,880 shares of the company's stock valued at $5,246,000 after purchasing an additional 1,505 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of American Electric Power by 2.8% during the 4th quarter. First Horizon Advisors Inc. now owns 180,340 shares of the company's stock worth $16,633,000 after buying an additional 4,965 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of American Electric Power in a research report on Friday, June 13th. They issued an "outperform" rating and a $115.00 price target for the company. Morgan Stanley decreased their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. 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 note on Wednesday, May 7th. Guggenheim lifted their target price on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their price target on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, American Electric Power currently has an average rating of "Hold" and an average price target of $108.31.

American Electric Power Price Performance

Shares of AEP traded down $0.03 on Tuesday, reaching $103.28. The stock had a trading volume of 2,249,778 shares, compared to its average volume of 3,195,728. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48. The firm has a market capitalization of $55.17 billion, a PE ratio of 19.90, a PEG ratio of 2.74 and a beta of 0.42. The firm has a 50-day moving average of $103.92 and a 200 day moving average of $101.33. 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 (NASDAQ:AEP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates 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 was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared 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 3.60%. The ex-dividend date was Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.

Insider Activity

In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the sale, the executive vice president now directly owns 26,298 shares of the company's stock, valued at $2,707,116.12. This trade represents a 23.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated 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 sale, the executive vice president now owns 9,658 shares of the company's stock, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock worth $3,508,293 over the last ninety days. 0.07% of the stock is currently owned by insiders.

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.