TD Private Client Wealth LLC Purchases 4,159 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

TD Private Client Wealth LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,537 shares of the company's stock after buying an additional 4,159 shares during the quarter. TD Private Client Wealth LLC's holdings in American Electric Power were worth $8,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. OLD Republic International Corp increased its holdings in American Electric Power by 0.8% in the 1st quarter. OLD Republic International Corp now owns 369,300 shares of the company's stock worth $40,353,000 after acquiring an additional 3,000 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of American Electric Power by 1.7% during the first quarter. Envestnet Asset Management Inc. now owns 3,230,011 shares of the company's stock valued at $352,943,000 after purchasing an additional 53,176 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of American Electric Power by 460.1% during the first quarter. Penserra Capital Management LLC now owns 7,808 shares of the company's stock valued at $852,000 after purchasing an additional 6,414 shares in the last quarter. Hendley & Co. Inc. lifted its position in American Electric Power by 3.4% during the first quarter. Hendley & Co. Inc. now owns 40,533 shares of the company's stock valued at $4,429,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of American Electric Power in the 1st quarter valued at about $51,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 1.2%

NASDAQ:AEP traded up $1.30 on Thursday, hitting $106.04. 2,482,740 shares of the stock were exchanged, compared to its average volume of 3,222,272. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a fifty-two week low of $87.51 and a fifty-two week high of $110.48. The stock has a market cap of $56.65 billion, a PE ratio of 20.43, a PEG ratio of 2.76 and a beta of 0.42. The stock has a fifty day moving average of $103.07 and a 200-day moving average of $102.07.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio is presently 71.68%.

Insiders Place Their Bets

In related news, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction that occurred on 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 owned 9,658 shares of the company's stock, valued at approximately $991,683.44. The trade was a 51.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the transaction, the executive vice president owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock worth $3,508,293 in the last quarter. 0.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Morgan Stanley reduced their price objective on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets upped their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Bank of America increased their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Finally, Barclays upped 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.