Jackson Hole Capital Partners LLC Raises Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Jackson Hole Capital Partners LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,944 shares of the company's stock after acquiring an additional 4,248 shares during the period. Jackson Hole Capital Partners LLC's holdings in American Electric Power were worth $1,851,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in American Electric Power in the 1st quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in American Electric Power in the 4th quarter worth about $28,000. Bank of New Hampshire purchased a new stake in American Electric Power in the 1st quarter worth about $28,000. IMA Advisory Services Inc. purchased a new stake in American Electric Power in the 1st quarter worth about $35,000. Finally, Park Square Financial Group LLC purchased a new stake in American Electric Power in the 4th quarter worth about $39,000. Institutional investors own 75.24% of the company's stock.

Insider Activity at American Electric Power

In other American Electric Power news, 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 sale, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the sale, the executive vice president owned 9,658 shares of the company's stock, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is owned by insiders.

American Electric Power Stock Up 0.8%

AEP stock traded up $0.82 during trading on Friday, hitting $109.79. 2,282,337 shares of the company's stock traded hands, compared to its average volume of 2,699,015. The firm has a market capitalization of $58.65 billion, a P/E ratio of 21.15, a PEG ratio of 2.89 and a beta of 0.42. The business has a fifty day simple moving average of $103.77 and a two-hundred day simple moving average of $103.33. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $110.51.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate 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 13.73% and a return on equity of 11.68%. American Electric Power's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. Sell-side analysts anticipate 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 will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $0.93 dividend. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.39%. American Electric Power's dividend payout ratio (DPR) is 71.68%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Morgan Stanley reduced their target price on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Guggenheim raised their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, UBS Group raised their target price on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, American Electric Power has an average rating of "Hold" and a consensus target price of $108.31.

American Electric Power 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.