American Electric Power Company, Inc. (NASDAQ:AEP) Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,972 shares of the company's stock after acquiring an additional 14,700 shares during the quarter. Asset Management One Co. Ltd.'s holdings in American Electric Power were worth $23,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock worth $4,767,425,000 after acquiring an additional 763,813 shares during the period. GQG Partners LLC boosted its holdings in American Electric Power by 3.7% in the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock worth $1,389,032,000 after acquiring an additional 543,054 shares during the period. Geode Capital Management LLC boosted its holdings in American Electric Power by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock worth $1,178,174,000 after acquiring an additional 283,311 shares during the period. Invesco Ltd. boosted its holdings in American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock worth $793,510,000 after acquiring an additional 716,229 shares during the period. Finally, Royal Bank of Canada boosted its holdings in American Electric Power by 1.2% in the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company's stock worth $649,983,000 after acquiring an additional 85,756 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Buying and Selling at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated Monday, May 19th. The shares were 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 in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president now owns 10,274 shares in the company, valued at approximately $1,045,276.76. This represents a 43.96% 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 worth $3,508,293. 0.07% of the stock is owned by insiders.

American Electric Power Stock Performance

AEP traded up $0.11 during trading hours on Friday, hitting $102.46. 3,451,134 shares of the stock were exchanged, compared to its average volume of 3,202,434. The stock has a 50-day simple moving average of $103.72 and a 200-day simple moving average of $101.38. 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 cap of $54.73 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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. The company 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 11.68% and a net margin of 13.73%. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.27 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, May 9th. American Electric Power's payout ratio is 71.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup increased their target price on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays increased their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. 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, June 6th. BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Finally, Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $108.31.

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.