American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 313,518 shares of the company's stock after selling 13,736 shares during the quarter. Toronto Dominion Bank owned 0.06% of American Electric Power worth $28,915,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AEP. DAVENPORT & Co LLC grew its stake in shares of 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 during the period. Parsons Capital Management Inc. RI grew its position in American Electric Power by 55.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 7,864 shares of the company's stock worth $725,000 after buying an additional 2,800 shares during the period. Capital Insight Partners LLC purchased a new position in American Electric Power in the fourth quarter valued at about $714,000. Allen Capital Group LLC lifted its position in shares of American Electric Power by 231.8% during the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company's stock valued at $2,823,000 after acquiring an additional 21,388 shares during the period. Finally, Avantra Family Wealth Inc. purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $458,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 0.9%

Shares of NASDAQ AEP traded up $0.96 on Friday, reaching $103.49. 3,837,651 shares of the company traded hands, compared to its average volume of 3,209,022. The company has a 50 day moving average of $104.87 and a 200 day moving average of $100.66. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a fifty-two week low of $85.93 and a fifty-two week high of $110.48. The stock has a market capitalization of $55.28 billion, a PE ratio of 18.48, a P/E/G ratio of 2.97 and a beta of 0.45.

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 for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. American Electric Power's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $0.93 dividend. The ex-dividend date is Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a yield of 3.59%. American Electric Power's payout ratio is currently 71.68%.

Insiders Place Their Bets

In other news, EVP Quinton S. Lies sold 10,141 shares of the firm'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 transaction, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on AEP shares. Barclays boosted their target price on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Bank of America increased their price objective 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. Guggenheim lifted their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Morgan Stanley reduced their price target on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Citigroup raised their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $105.69.

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.