Keybank National Association OH Sells 2,461 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Keybank National Association OH decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,019 shares of the company's stock after selling 2,461 shares during the quarter. Keybank National Association OH's holdings in American Electric Power were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Rossby Financial LCC bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $131,000. DAVENPORT & Co LLC boosted its stake in American Electric Power by 3.2% during the first quarter. DAVENPORT & Co LLC now owns 59,414 shares of the company's stock worth $6,492,000 after buying an additional 1,840 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in American Electric Power by 1.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,078 shares of the company's stock valued at $7,876,000 after acquiring an additional 1,203 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of American Electric Power in the first quarter valued at $253,000. Finally, West Bancorporation Inc. raised its stake in shares of American Electric Power by 8.2% in the first quarter. West Bancorporation Inc. now owns 2,861 shares of the company's stock valued at $313,000 after acquiring an additional 217 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Trading Up 0.1%

Shares of AEP stock opened at $103.41 on Friday. American Electric Power Company, Inc. has a fifty-two week low of $86.83 and a fifty-two week high of $110.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.31 and a current ratio of 0.42. The stock's fifty day moving average is $103.36 and its two-hundred day moving average is $101.73. The firm has a market capitalization of $55.24 billion, a P/E ratio of 19.92, a PEG ratio of 2.74 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. Research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm 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 dividend payout ratio (DPR) is 71.68%.

Analyst Ratings Changes

A number of research firms recently commented on AEP. Morgan Stanley dropped their price target 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. Citigroup raised 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 note on Wednesday, May 7th. Raymond James Financial began coverage on American Electric Power in a research note on Friday, June 13th. They set an "outperform" rating and a $115.00 target price on the stock. Barclays raised 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. Finally, UBS Group boosted their price objective on American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a report on Friday, June 6th. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $108.31.

Insider Buying and Selling

In related news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction that occurred 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 transaction, the executive vice president owned 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Matthew Feinberg sold 8,058 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 34,314 shares of company stock worth $3,508,293 over the last three months. Corporate insiders own 0.07% of the company's stock.

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.

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