5,027 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Fire Capital Management LLC

Fire Capital Management LLC acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,027 shares of the company's stock, valued at approximately $464,000.

Other institutional investors also recently added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC increased its holdings 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 during the last quarter. SouthState Corp boosted its holdings in American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after purchasing an additional 102 shares during the period. Ascent Group LLC boosted its holdings in shares of American Electric Power by 0.4% in the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after buying an additional 102 shares during the period. Dark Forest Capital Management LP grew its position in shares of American Electric Power by 2.3% during the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after buying an additional 103 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in American Electric Power by 11.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock worth $103,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AEP. Barclays increased their price target on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Bank of America upped their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. BMO Capital Markets increased their price target on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average target price of $105.69.

American Electric Power Price Performance

Shares of AEP stock traded up $0.62 during trading hours on Friday, hitting $103.15. 3,896,578 shares of the company's stock were exchanged, compared to its average volume of 3,212,943. The stock has a market cap of $55.10 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. 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 stock's 50-day moving average is $104.88 and its 200-day moving average is $100.73. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week 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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.33 billion. During the same period last year, the firm earned $1.27 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's dividend payout ratio is presently 71.68%.

Insider Activity at American Electric Power

In related news, 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 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 represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.

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.