First National Bank of Mount Dora Trust Investment Services Has $1.52 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

First National Bank of Mount Dora Trust Investment Services reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,887 shares of the company's stock after selling 3,388 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in American Electric Power were worth $1,517,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sonora Investment Management Group LLC lifted its stake in American Electric Power by 8.7% in the first quarter. Sonora Investment Management Group LLC now owns 2,596 shares of the company's stock valued at $284,000 after acquiring an additional 207 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in shares of American Electric Power by 11.0% during the 1st quarter. Accurate Wealth Management LLC now owns 9,147 shares of the company's stock valued at $957,000 after acquiring an additional 910 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in American Electric Power in the 1st quarter worth approximately $213,000. GAMMA Investing LLC grew its holdings in American Electric Power by 24.5% during the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock valued at $2,150,000 after purchasing an additional 3,867 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of American Electric Power by 0.3% in the first quarter. Yousif Capital Management LLC now owns 82,441 shares of the company's stock worth $9,008,000 after buying an additional 255 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

AEP traded up $0.46 during trading on Tuesday, hitting $101.87. The company's stock had a trading volume of 2,729,869 shares, compared to its average volume of 3,195,577. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The firm's 50 day moving average price is $104.31 and its two-hundred day moving average price is $101.05. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend payout ratio is currently 71.68%.

Analyst Ratings Changes

Several analysts recently weighed in on AEP shares. UBS Group increased their target price on American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a research note on Friday. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Barclays raised their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note 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 research note on Wednesday, May 7th. Finally, BMO Capital Markets raised their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $107.75.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the sale, the executive vice president now owns 26,298 shares in the company, valued at approximately $2,707,116.12. The trade was a 23.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president now directly owns 9,658 shares of the company's stock, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.

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.