Farther Finance Advisors LLC Has $1.11 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Farther Finance Advisors LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 55.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,219 shares of the company's stock after acquiring an additional 3,661 shares during the period. Farther Finance Advisors LLC's holdings in American Electric Power were worth $1,107,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Bank of New Hampshire acquired a new position in shares of American Electric Power in the 1st quarter valued at $28,000. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth about $28,000. Fairway Wealth LLC bought a new position in shares of American Electric Power during the 4th quarter valued at about $32,000. Finally, Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $35,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insiders Place Their Bets

In other news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $101.49, for a total transaction of $817,806.42. Following the sale, the executive vice president now directly owns 18,332 shares in the company, valued at approximately $1,860,514.68. This represents a 30.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on 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 completion of the sale, the executive vice president now owns 9,658 shares of the company's stock, 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 have sold a total of 26,256 shares of company stock valued at $2,688,472 over the last quarter. Company insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AEP shares. UBS Group raised their price target on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. Barclays lifted their price target 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. Raymond James started coverage on shares of American Electric Power in a research note on Friday. They set an "outperform" rating and a $115.00 price objective for the company. Wells Fargo & Company lifted their target price on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Finally, Citigroup upped their target price 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 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.31.

American Electric Power Stock Down 0.1%

Shares of NASDAQ:AEP traded down $0.12 during trading hours on Friday, hitting $102.90. The company's stock had a trading volume of 2,388,673 shares, compared to its average volume of 3,195,412. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a market capitalization of $54.97 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.97 and a beta of 0.42. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The firm's fifty day moving average price is $104.14 and its 200 day moving average price is $101.09.

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 during the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.62%. American Electric Power's payout ratio is currently 71.68%.

About American Electric Power

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.