American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 111,500.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,928 shares of the company's stock after acquiring an additional 8,920 shares during the quarter. NBC Securities Inc.'s holdings in American Electric Power were worth $975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of American Electric Power in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of American Electric Power in the fourth quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Buying and Selling

In related news, EVP David Matthew Feinberg sold 8,057 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the transaction, the executive vice president now directly owns 26,298 shares of the company's stock, valued at $2,707,116.12. The trade was a 23.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $1,041,277.88. Following the transaction, the executive vice president now directly owns 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. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AEP shares. Guggenheim increased their price target on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Bank of America increased their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Wells Fargo & Company increased 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. BMO Capital Markets increased their price target on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, Morgan Stanley cut their price target on American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $105.69.

American Electric Power Trading Down 0.1%

AEP stock traded down $0.08 during midday trading on Thursday, hitting $101.77. 2,033,925 shares of the company's stock were exchanged, compared to its average volume of 3,192,769. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48. The business has a 50-day simple moving average of $104.72 and a two-hundred day simple moving average of $100.90. The stock has a market capitalization of $54.37 billion, a PE ratio of 18.17, a P/E/G ratio of 2.97 and a beta of 0.42. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the business posted $1.27 earnings per share. The company's quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is currently 71.68%.

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.