Little House Capital LLC Has $1.65 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Little House Capital LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 136.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,117 shares of the company's stock after acquiring an additional 8,724 shares during the quarter. Little House Capital LLC's holdings in American Electric Power were worth $1,652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC bought a new position in shares of American Electric Power in the first quarter valued at approximately $25,000. Bank of New Hampshire bought a new position in American Electric Power during the first quarter worth $28,000. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the fourth quarter worth $25,000. Fourth Dimension Wealth LLC bought a new position in American Electric Power during the fourth quarter worth $28,000. Finally, Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter worth $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.1%

AEP stock opened at $102.46 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. The company has a fifty day moving average price of $103.61 and a two-hundred day moving average price of $101.43. American Electric Power Company, Inc. has a one year low of $86.83 and a one year high of $110.48. The stock has a market cap of $54.73 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The company's revenue was up 8.7% on a year-over-year basis. Equities 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 was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, May 9th. American Electric Power's dividend payout ratio is currently 71.68%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. UBS Group upped their target price 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. Morgan Stanley lowered 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 report on Thursday, May 22nd. BMO Capital Markets upped their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Barclays increased their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has an average rating of "Hold" and a consensus price target of $108.31.

Insider Transactions 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 transaction of $1,041,277.88. Following the completion of the sale, the executive vice president now owns 9,658 shares of the company's stock, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, the executive vice president now directly owns 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their position. 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 currently owned by corporate 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.

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