American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 2,547.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,166 shares of the company's stock after buying an additional 122,362 shares during the period. Silvercrest Asset Management Group LLC's holdings in American Electric Power were worth $11,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AEP. Raymond James Financial Inc. bought a new position in shares of American Electric Power during the 4th quarter worth approximately $220,983,000. Lazard Asset Management LLC grew its holdings in American Electric Power by 51.0% in the fourth quarter. Lazard Asset Management LLC now owns 6,416,474 shares of the company's stock worth $591,791,000 after purchasing an additional 2,165,888 shares during the last quarter. Cohen & Steers Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth $121,605,000. Bank of America Corp DE increased its position in shares of American Electric Power by 27.5% during the fourth quarter. Bank of America Corp DE now owns 5,120,568 shares of the company's stock worth $472,270,000 after purchasing an additional 1,105,317 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after purchasing an additional 763,813 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday. Citigroup upped their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Barclays lifted their target price on shares of 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, Guggenheim upped their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $105.69.

American Electric Power Stock Performance

Shares of American Electric Power stock traded up $0.25 during trading on Friday, hitting $102.05. 370,601 shares of the company's stock were exchanged, compared to its average volume of 3,200,000. The stock has a market capitalization of $54.51 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.97 and a beta of 0.45. The business has a 50-day simple moving average of $105.15 and a 200-day simple moving average of $100.46. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. American Electric Power Company, Inc. has a 52-week low of $85.93 and a 52-week high of $110.48.

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 (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm 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 15.08% and a return on equity of 11.27%. The business's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power's payout ratio is 71.68%.

Insiders Place Their Bets

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction on 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 sale, the executive vice president now owns 9,658 shares of the company's stock, valued at $991,683.44. The trade was a 51.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.

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.