GAMMA Investing LLC Has $2.15 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

GAMMA Investing LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 24.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 19,678 shares of the company's stock after acquiring an additional 3,867 shares during the period. GAMMA Investing LLC's holdings in American Electric Power were worth $2,150,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New Hampshire bought a new stake in American Electric Power in the first quarter valued at about $28,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power during the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power during the 4th quarter worth about $28,000. Fairway Wealth LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $32,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Transactions at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated Monday, May 19th. The stock was 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 10,274 shares of the company's stock, 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. Over the last 90 days, insiders have sold 34,314 shares of company stock valued at $3,508,293. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Up 1.3%

Shares of AEP stock traded up $1.30 on Monday, hitting $103.76. 3,246,315 shares of the stock were exchanged, compared to its average volume of 3,200,651. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $55.43 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42. American Electric Power Company, Inc. has a fifty-two week low of $86.83 and a fifty-two week high of $110.48. The business has a 50-day moving average of $103.61 and a 200 day moving average of $101.55.

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 for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. The firm had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The business's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.59%. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEP shares. Wells Fargo & Company boosted 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 report on Wednesday, May 7th. BMO Capital Markets boosted their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Barclays raised their price objective 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. Raymond James Financial began coverage on American Electric Power in a research note on Friday, June 13th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, Morgan Stanley lowered their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.