American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 126.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,963 shares of the company's stock after acquiring an additional 9,479 shares during the quarter. Twin Capital Management Inc.'s holdings in American Electric Power were worth $1,854,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC boosted its position in American Electric Power by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock worth $364,000 after acquiring an additional 430 shares during the period. Ritholtz Wealth Management acquired a new position in American Electric Power during the 1st quarter worth $262,000. Robertson Stephens Wealth Management LLC acquired a new position in American Electric Power during the 1st quarter worth $205,000. GAMMA Investing LLC boosted its position in American Electric Power by 24.5% during the 1st quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock worth $2,150,000 after acquiring an additional 3,867 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in American Electric Power by 26.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after acquiring an additional 73,488 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Buying and Selling

In related news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 9,658 shares of the company's stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,314 shares of company stock valued at $3,508,293. Insiders own 0.07% of the company's stock.

American Electric Power Stock Up 1.4%

Shares of AEP opened at $107.40 on Monday. The firm has a market capitalization of $57.37 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.85 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.31 and a current ratio of 0.42. The business's fifty day moving average price is $102.92 and its two-hundred day moving average price is $102.87. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced 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 business had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

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. This represents a $3.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. UBS Group upped their price objective on American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a report on Friday, June 6th. Raymond James Financial initiated coverage on American Electric Power in a report on Friday, June 13th. They issued an "outperform" rating and a $115.00 price objective for the company. Barclays upped 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. Guggenheim upped their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley cut their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $108.31.

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.

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