Endeavor Private Wealth Inc. Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Key Points

• Endeavor Private Wealth Inc. increased its holdings in American Electric Power Company by 411.2%, acquiring an additional 3,894 shares for a total of 4,841 shares valued at approximately $529,000.
• Several analysts have issued mixed ratings for AEP, with price targets ranging from $100.00 to $116.00, resulting in an average rating of "Hold" and an average target price of $111.29.
• AEP has announced a quarterly dividend of $0.93 with an annual yield of 3.3%, set to be paid out on September 10th.

Endeavor Private Wealth Inc. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 411.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,841 shares of the company's stock after acquiring an additional 3,894 shares during the quarter. Endeavor Private Wealth Inc.'s holdings in American Electric Power were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AEP. Clarius Group LLC lifted its holdings in shares of American Electric Power by 2.5% during the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after buying an additional 95 shares during the last quarter. Safeguard Investment Advisory Group LLC raised its stake in shares of American Electric Power by 4.3% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after acquiring an additional 100 shares in the last quarter. Marcum Wealth LLC lifted its holdings in American Electric Power by 3.0% in the 1st 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 last quarter. Ascent Group LLC boosted its position in 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 grew its holdings in American Electric Power by 2.3% during the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after purchasing an additional 103 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AEP shares. Scotiabank raised their price target on American Electric Power from $102.00 to $114.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Raymond James Financial restated an "outperform" rating and issued a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Barclays boosted their target price on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Citigroup boosted 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, American Electric Power currently has a consensus rating of "Hold" and a consensus price target of $111.29.

American Electric Power Trading Up 0.2%

Shares of NASDAQ:AEP traded up $0.25 during mid-day trading on Wednesday, reaching $113.49. 3,384,982 shares of the company's stock were exchanged, compared to its average volume of 3,622,767. The firm has a market capitalization of $60.69 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 3.05 and a beta of 0.40. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The business's fifty day moving average price is $105.06 and its 200-day moving average price is $104.25. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid 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 yield of 3.3%. American Electric Power's payout ratio is currently 54.39%.

Insider Activity at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction 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 sale, the executive vice president owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the sale, the executive vice president owned 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. In the last ninety days, insiders have sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is owned by corporate 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.