Monument Capital Management Acquires New Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Monument Capital Management bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,908 shares of the company's stock, valued at approximately $427,000.

A number of other large investors have also bought and sold shares of AEP. Brighton Jones LLC increased its stake in American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock valued at $978,000 after acquiring an additional 1,095 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of American Electric Power by 26.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,743 shares of the company's stock worth $3,112,000 after buying an additional 7,066 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of American Electric Power in the fourth quarter valued at $149,000. Flputnam Investment Management Co. increased its stake in shares of American Electric Power by 4.7% in the fourth quarter. Flputnam Investment Management Co. now owns 20,271 shares of the company's stock worth $1,870,000 after purchasing an additional 908 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth $819,000. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

In related news, 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 value of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the business's 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 in the company, 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. Insiders have sold 34,314 shares of company stock valued at $3,508,293 over the last 90 days. Corporate insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

Shares of NASDAQ:AEP traded up $0.63 during trading on Tuesday, reaching $104.39. 3,515,844 shares of the stock were exchanged, compared to its average volume of 3,209,008. 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 cap of $55.77 billion, a PE ratio of 20.11, a PEG ratio of 2.76 and a beta of 0.42. The stock has a 50-day moving average price of $103.58 and a 200-day moving average price of $101.62. American Electric Power Company, Inc. has a 12 month low of $86.83 and a 12 month high of $110.48.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 annualized dividend and a dividend yield of 3.56%. American Electric Power's payout ratio is 71.68%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEP. UBS Group upped their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a research note on Friday, June 6th. Morgan Stanley cut their price objective 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. Bank of America raised their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Wells Fargo & Company raised their price target on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Finally, Guggenheim boosted their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. One 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.