Bartlett & CO. Wealth Management LLC Has $845,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,736 shares of the company's stock after selling 2,699 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in American Electric Power were worth $845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the 1st quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the first quarter worth $28,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth $28,000. Finally, Fairway Wealth LLC acquired a new stake in American Electric Power during the fourth quarter valued at $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup increased their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Barclays lifted their price objective on shares of 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. 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. Finally, Guggenheim boosted their price target on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $108.31.

Insider Activity

In related news, EVP Quinton S. Lies sold 10,141 shares of the 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 of the company's stock, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Matthew Feinberg sold 8,058 shares of the company's 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 sale, the executive vice president directly owned 10,274 shares in the company, valued at $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 quarter, insiders have sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is owned by company insiders.

American Electric Power Stock Performance

Shares of AEP traded down $0.79 during mid-day trading on Wednesday, hitting $103.60. The company's stock had a trading volume of 1,847,566 shares, compared to its average volume of 3,652,104. The stock's 50-day moving average is $103.50 and its two-hundred day moving average is $101.64. The firm has a market capitalization of $55.34 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.31 and a current ratio of 0.42. American Electric Power Company, Inc. has a one year low of $86.83 and a one year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Friday, May 9th. American Electric Power's payout ratio is 71.68%.

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.