5,027 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Davis Investment Partners LLC

Davis Investment Partners LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,027 shares of the company's stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sapient Capital LLC acquired a new position in shares of American Electric Power in the first quarter valued at approximately $219,000. apricus wealth LLC boosted its holdings in shares of American Electric Power by 8.2% in the 1st quarter. apricus wealth LLC now owns 3,312 shares of the company's stock valued at $362,000 after purchasing an additional 250 shares in the last quarter. Balanced Wealth Group LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $213,000. Fifth Third Bancorp boosted its holdings in shares of American Electric Power by 7.5% in the 1st quarter. Fifth Third Bancorp now owns 218,045 shares of the company's stock valued at $23,826,000 after purchasing an additional 15,281 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of American Electric Power by 31.9% in the 1st quarter. Simon Quick Advisors LLC now owns 5,673 shares of the company's stock valued at $620,000 after acquiring an additional 1,373 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American Electric Power Trading Down 0.1%

AEP stock traded down $0.12 during trading on Friday, reaching $102.90. The company had a trading volume of 2,388,673 shares, compared to its average volume of 3,207,021. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The company has a market cap of $54.97 billion, a P/E ratio of 18.38, a PEG ratio of 2.97 and a beta of 0.42. The business has a 50 day moving average of $104.17 and a 200 day moving average of $101.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly 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. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the firm earned $1.27 earnings per share. American Electric Power's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio is currently 71.68%.

Wall Street Analysts Forecast Growth

AEP has been the subject of several analyst reports. Raymond James started coverage on American Electric Power in a research report on Friday. They set an "outperform" rating and a $115.00 target price for the company. Bank of America raised 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. Morgan Stanley reduced their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets raised 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, UBS Group raised 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $108.31.

Insider Buying and Selling

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Matthew Feinberg sold 8,057 shares of American Electric Power stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the transaction, the executive vice president now owns 26,298 shares in the company, valued at approximately $2,707,116.12. This trade represents a 23.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,256 shares of company stock worth $2,688,472. 0.07% of the stock is owned by insiders.

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.