American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in American Electric Power by 8.9%, acquiring an additional 88,845 shares, bringing their total to 1,087,690 shares worth approximately $118.85 million.
• Wall Street analysts have mixed views on AEP, with target prices ranging from $102 to $116, and a consensus average rating of "Hold" with an average price target of $111.29.
• American Electric Power declared a quarterly dividend of $0.93 per share, representing a 3.3% yield, with a payout ratio of 54.39%.

Deutsche Bank AG raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,087,690 shares of the company's stock after buying an additional 88,845 shares during the period. Deutsche Bank AG owned about 0.20% of American Electric Power worth $118,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the first quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power during the fourth quarter worth $28,000. Bank of New Hampshire acquired a new position in shares of American Electric Power during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of American Electric Power during the first quarter worth $33,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of American Electric Power during the first quarter worth $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Morgan Stanley dropped their price target 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. Scotiabank lifted their price target on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Mizuho set a $116.00 price target on shares of American Electric Power and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Guggenheim lifted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, American Electric Power currently has an average rating of "Hold" and an average price target of $111.29.

American Electric Power Stock Down 1.1%

AEP stock opened at $112.50 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $115.36. The firm has a fifty day moving average price of $105.70 and a two-hundred day moving average price of $104.58. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.99 and a beta of 0.40.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $0.93 per share. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power's dividend payout ratio is currently 54.39%.

Insider Activity

In other news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were 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 approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the company's 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 transaction, the executive vice president owned 9,658 shares of the company's stock, valued at $991,683.44. This represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock valued at $3,508,293 in the last 90 days. Insiders own 0.07% of the company's stock.

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.

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