American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Raised by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,411 shares of the company's stock after acquiring an additional 41,477 shares during the quarter. American Electric Power accounts for about 2.9% of Alpha Cubed Investments LLC's holdings, making the stock its 9th largest position. Alpha Cubed Investments LLC owned approximately 0.11% of American Electric Power worth $64,186,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AEP. Kingswood Wealth Advisors LLC grew its stake in shares of American Electric Power by 14.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company's stock worth $364,000 after acquiring an additional 430 shares during the last quarter. Ritholtz Wealth Management acquired a new position in American Electric Power during the 1st quarter worth $262,000. Robertson Stephens Wealth Management LLC acquired a new position in American Electric Power in the first quarter valued at approximately $205,000. GAMMA Investing LLC lifted its stake in American Electric Power by 24.5% in the first quarter. GAMMA Investing LLC now owns 19,678 shares of the company's stock valued at $2,150,000 after buying an additional 3,867 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in American Electric Power by 26.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 355,516 shares of the company's stock worth $38,848,000 after purchasing an additional 73,488 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power 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 transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the executive vice president owned 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is currently owned by insiders.

American Electric Power Price Performance

Shares of AEP stock traded up $1.30 during trading hours on Thursday, hitting $106.04. 2,482,890 shares of the company's stock were exchanged, compared to its average volume of 3,222,272. The business's 50 day simple moving average is $103.07 and its 200-day simple moving average is $102.07. American Electric Power Company, Inc. has a 12-month low of $87.51 and a 12-month high of $110.48. The company has a market capitalization of $56.65 billion, a PE ratio of 20.43, a PEG ratio of 2.76 and a beta of 0.42. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42.

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

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $0.93 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.51%. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

Analyst Ratings Changes

Several equities research analysts have commented on AEP shares. UBS Group boosted 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, June 6th. Bank of America lifted 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. Wells Fargo & Company boosted their price objective on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Morgan Stanley reduced their price objective on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Finally, Citigroup increased 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 report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average target price of $108.31.

About American Electric Power

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.