MassMutual Private Wealth & Trust FSB Acquires 3,843 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

MassMutual Private Wealth & Trust FSB boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,125 shares of the company's stock after buying an additional 3,843 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in American Electric Power were worth $6,461,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Safeguard Investment Advisory Group LLC lifted its stake in American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after buying an additional 100 shares during the last quarter. SouthState Corp raised its stake in shares of American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock valued at $610,000 after purchasing an additional 102 shares in the last quarter. Ascent Group LLC raised its position in American Electric Power by 0.4% in the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after acquiring an additional 102 shares in the last quarter. Dark Forest Capital Management LP raised its position in American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock worth $418,000 after acquiring an additional 103 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in American Electric Power by 11.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock worth $103,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

American Electric Power stock traded up $0.62 during mid-day trading on Friday, hitting $103.15. 3,896,578 shares of the company were exchanged, compared to its average volume of 3,203,700. 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 company has a market capitalization of $55.10 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48. The business has a fifty day moving average of $104.88 and a 200 day moving average of $100.73.

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

American Electric Power Announces Dividend

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 given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is 71.68%.

Wall Street Analyst Weigh In

AEP has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Wells Fargo & Company increased their price objective 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 increased their target price 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 increased their price objective on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Guggenheim boosted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, American Electric Power currently has an average rating of "Hold" and an average price target of $105.69.

Insider Buying and Selling

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

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.