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

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

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays lifted their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Morgan Stanley dropped 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. Raymond James Financial started coverage on shares of American Electric Power in a research note on Friday, June 13th. They issued an "outperform" rating and a $115.00 target price for the company. Wells Fargo & Company raised their target price on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $108.31.

Insider Activity

In related news, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the transaction, the executive vice president owned 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the 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 transaction, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is owned by corporate insiders.

American Electric Power Price Performance

AEP stock traded down $0.21 during mid-day trading on Tuesday, hitting $103.96. The stock had a trading volume of 2,744,381 shares, compared to its average volume of 3,224,402. American Electric Power Company, Inc. has a 52 week low of $86.83 and a 52 week high of $110.48. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $103.24 and a 200 day simple moving average of $102.04. The firm has a market capitalization of $55.54 billion, a P/E ratio of 20.03, a P/E/G ratio of 2.76 and a beta of 0.42.

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

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a yield of 3.58%. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

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.