American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 58.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,623 shares of the company's stock after purchasing an additional 7,629 shares during the quarter. Snowden Capital Advisors LLC's holdings in American Electric Power were worth $1,902,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC increased its position in American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock worth $5,310,000 after purchasing an additional 3,288 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of American Electric Power by 22.4% during the fourth quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock worth $2,206,000 after purchasing an additional 4,370 shares during the period. Grove Bank & Trust lifted its holdings in American Electric Power by 436.9% during the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock worth $654,000 after buying an additional 5,771 shares during the period. J2 Capital Management Inc acquired a new position in shares of American Electric Power in the fourth quarter worth approximately $419,000. Finally, Merit Financial Group LLC raised its holdings in American Electric Power by 136.6% during the 4th quarter. Merit Financial Group LLC now owns 13,714 shares of the company's stock worth $1,265,000 after purchasing an additional 7,918 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the firm's stock in a transaction 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 sale, the executive vice president now owns 9,658 shares of the company's stock, valued at $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AEP shares. Wells Fargo & Company increased 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. Bank of America lifted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Citigroup raised their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley lowered their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $105.69.

American Electric Power Price Performance

Shares of American Electric Power stock traded up $0.40 on Friday, hitting $102.20. 441,232 shares of the company traded hands, compared to its average volume of 3,200,175. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The business has a 50-day simple moving average of $105.15 and a 200 day simple moving average of $100.46. The stock has a market capitalization of $54.59 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The company had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, May 9th. American Electric Power's payout ratio is presently 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.