American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 55.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,539 shares of the company's stock after buying an additional 12,289 shares during the quarter. Concurrent Investment Advisors LLC's holdings in American Electric Power were worth $3,774,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AEP. Lazard Asset Management LLC lifted its position in American Electric Power by 51.0% in the fourth quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock worth $591,791,000 after buying an additional 2,165,888 shares during the last quarter. GAMMA Investing LLC lifted its position in American Electric Power by 13,499.5% in the first quarter. GAMMA Investing LLC now owns 2,150,215 shares of the company's stock worth $234,954,000 after buying an additional 2,134,404 shares during the last quarter. Bessemer Group Inc. lifted its position in American Electric Power by 4,567.3% in the first quarter. Bessemer Group Inc. now owns 1,764,677 shares of the company's stock worth $192,827,000 after buying an additional 1,726,868 shares during the last quarter. Cohen & Steers Inc. bought a new stake in American Electric Power in the fourth quarter worth $121,605,000. Finally, Bank of America Corp DE lifted its position in American Electric Power by 27.5% in the fourth quarter. Bank of America Corp DE now owns 5,120,568 shares of the company's stock worth $472,270,000 after buying an additional 1,105,317 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business'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 transaction, the executive vice president directly owned 10,274 shares in the company, valued at approximately $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the transaction, the executive vice president owned 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,314 shares of company stock valued at $3,508,293 over the last quarter. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Stock Up 0.3%

Shares of AEP stock traded up $0.31 on Monday, hitting $104.17. The stock had a trading volume of 2,703,877 shares, compared to its average volume of 3,221,665. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $103.29 and a 200 day moving average price of $101.96. The company has a market cap of $55.65 billion, a PE ratio of 17.66, a P/E/G ratio of 2.76 and a beta 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 earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The firm's revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $0.93 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a yield of 3.57%. American Electric Power's dividend payout ratio is presently 71.68%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AEP shares. BMO Capital Markets lifted their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Raymond James Financial started coverage on American Electric Power in a research report on Friday, June 13th. They set an "outperform" rating and a $115.00 target price for the company. Wells Fargo & Company lifted their target price 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. Finally, Guggenheim lifted their target price 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 analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $108.31.

American Electric Power Company 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.