American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by National Pension Service

Key Points

• The National Pension Service increased its stake in American Electric Power Company by 7.4%, owning 1,542,382 shares worth approximately $168.5 million as of its latest SEC filing.
• American Electric Power recently reported an EPS of $1.43 for the last quarter, surpassing analysts' expectations, and recorded a revenue of $5.09 billion, which is an 11.1% year-over-year increase.
• The company declared a quarterly dividend of $0.93 per share, which will be paid on September 10th, yielding an annualized rate of 3.3%.

National Pension Service increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,542,382 shares of the company's stock after purchasing an additional 106,418 shares during the quarter. National Pension Service owned 0.29% of American Electric Power worth $168,536,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Clarius Group LLC raised its position in American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after acquiring an additional 95 shares in the last quarter. Safeguard Investment Advisory Group LLC raised its holdings in American Electric Power by 4.3% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after purchasing an additional 100 shares during the last quarter. Marcum Wealth LLC raised its holdings in American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock worth $379,000 after purchasing an additional 101 shares during the last quarter. Ascent Group LLC raised its holdings in American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after purchasing an additional 102 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in American Electric Power by 2.3% during the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock worth $418,000 after purchasing an additional 103 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction dated 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 sale, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president directly owned 9,658 shares of the company's stock, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is owned by company insiders.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $113.11 on Thursday. The company has a market cap of $60.49 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.97 and a beta of 0.40. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The business has a fifty day simple moving average of $106.29 and a 200-day simple moving average of $104.83.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast 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. Shareholders of record on Friday, August 8th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. American Electric Power's payout ratio is 54.39%.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Morgan Stanley cut 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. Barclays boosted their price target on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their price target on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their price target on American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $111.29.

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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