Arkadios Wealth Advisors Purchases 9,402 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Key Points

• Arkadios Wealth Advisors increased its stake in American Electric Power by 37.9% in Q1, owning 34,221 shares valued at $3.74 million as of the latest SEC filing.
• Other institutional investors, including Lazard Asset Management and GAMMA Investing, also significantly increased their holdings in the company, indicating strong institutional interest in AEP.
• American Electric Power reported an EPS of $1.43, surpassing analyst expectations of $1.27, alongside a quarterly revenue of $5.09 billion, showing an 11.1% year-over-year increase.

Arkadios Wealth Advisors increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 37.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,221 shares of the company's stock after purchasing an additional 9,402 shares during the period. Arkadios Wealth Advisors' holdings in American Electric Power were worth $3,739,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clarius Group LLC lifted its holdings in shares of American Electric Power by 2.5% during the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock worth $433,000 after purchasing an additional 95 shares during the period. Safeguard Investment Advisory Group LLC lifted its holdings in shares of American Electric Power by 4.3% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock worth $223,000 after purchasing an additional 100 shares during the period. Marcum Wealth LLC lifted its holdings in shares of American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock worth $379,000 after purchasing an additional 101 shares during the period. Ascent Group LLC lifted its holdings in shares of American Electric Power by 0.4% during the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock worth $2,572,000 after purchasing an additional 102 shares during the period. Finally, Dark Forest Capital Management LP lifted its holdings 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 valued at $418,000 after buying an additional 103 shares during the period. Institutional investors own 75.24% of the company's stock.

Insider Activity

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the company'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 completion of the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 9,658 shares of the company's stock, 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. Over the last three months, insiders have sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Up 0.4%

AEP traded up $0.44 during midday trading on Friday, hitting $113.58. The company had a trading volume of 4,925,406 shares, compared to its average volume of 3,067,441. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $114.38. The company has a quick ratio of 0.31, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 3.00 and a beta of 0.40. The stock's 50 day moving average price is $104.61 and its 200 day moving average price is $103.95.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. American Electric Power's payout ratio is presently 54.39%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEP shares. Scotiabank boosted their target price on shares of American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a report on Thursday. Morgan Stanley dropped their target price 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. BMO Capital Markets boosted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Barclays boosted their target price on shares of American Electric Power from $105.00 to $111.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Guggenheim lifted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $111.29.

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.