American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by KBC Group NV

KBC Group NV increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 46,207 shares of the company's stock after acquiring an additional 2,661 shares during the period. KBC Group NV's holdings in American Electric Power were worth $5,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of American Electric Power during the fourth quarter worth about $25,000. EQ Wealth Advisors LLC acquired a new stake in American Electric Power during the 1st quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in American Electric Power during the 4th quarter worth approximately $28,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the 1st quarter valued at approximately $28,000. Finally, Fairway Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $32,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction that occurred 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 directly owned 9,658 shares in the company, 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. In the last three months, insiders have sold 34,314 shares of company stock valued at $3,508,293. Corporate insiders own 0.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEP. Wells Fargo & Company raised their price target 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. UBS Group raised their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a report on Friday, June 6th. Citigroup upped their target price on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. BMO Capital Markets increased their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Barclays boosted their price objective on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $108.31.

American Electric Power Stock Performance

AEP traded up $0.15 on Friday, hitting $103.41. 1,620,520 shares of the company's stock were exchanged, compared to its average volume of 3,215,880. 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 stock has a fifty day moving average of $103.29 and a two-hundred day moving average of $101.81. American Electric Power Company, Inc. has a twelve month low of $86.83 and a twelve month high of $110.48. The firm has a market cap of $55.24 billion, a PE ratio of 19.92, a P/E/G ratio of 2.76 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced 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 business had revenue of $5.46 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business 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. This represents a $3.72 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, May 9th. American Electric Power's payout ratio is 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.