American Electric Power Company, Inc. (NASDAQ:AEP) Stake Lifted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 587,411 shares of the company's stock after acquiring an additional 41,477 shares during the period. American Electric Power comprises 2.9% of Alpha Cubed Investments LLC's investment portfolio, making the stock its 9th biggest position. Alpha Cubed Investments LLC owned approximately 0.11% of American Electric Power worth $64,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $25,000. Bank of New Hampshire bought a new position in American Electric Power in the 1st quarter worth approximately $28,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new position in American Electric Power in the 4th quarter worth approximately $28,000. Finally, Fairway Wealth LLC bought a new position in American Electric Power in the 4th quarter worth approximately $32,000. 75.24% of the stock is owned by institutional investors.

Insider Transactions at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 9,658 shares of the company's stock, valued at approximately $991,683.44. The trade was a 51.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on AEP shares. Guggenheim raised their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James Financial started coverage on shares of American Electric Power in a report on Friday, June 13th. They issued an "outperform" rating and a $115.00 price objective for the company. BMO Capital Markets raised their price objective on shares of 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 objective on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Finally, Citigroup increased their target price 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, American Electric Power has a consensus rating of "Hold" and a consensus price target of $108.31.

American Electric Power Price Performance

AEP stock traded up $0.31 during mid-day trading on Monday, hitting $104.17. 2,703,877 shares of the stock were exchanged, compared to its average volume of 3,221,654. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. The business has a fifty day moving average price of $103.29 and a 200 day moving average price of $101.96. American Electric Power Company, Inc. has a 12 month low of $86.83 and a 12 month high of $110.48. The stock has a market capitalization of $55.65 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.76 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company's revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio (DPR) 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.