Stratos Wealth Partners LTD. Has $2.43 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Stratos Wealth Partners LTD. decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,202 shares of the company's stock after selling 3,133 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in American Electric Power were worth $2,426,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stratos Investment Management LLC acquired a new position in shares of American Electric Power during the 1st quarter worth about $251,000. May Hill Capital LLC bought a new stake in American Electric Power during the first quarter worth about $231,000. Navalign LLC boosted its position in American Electric Power by 3.1% during the first quarter. Navalign LLC now owns 10,422 shares of the company's stock valued at $1,139,000 after purchasing an additional 309 shares during the last quarter. Brown Advisory Inc. boosted its position in American Electric Power by 5.7% during the first quarter. Brown Advisory Inc. now owns 21,930 shares of the company's stock valued at $2,396,000 after purchasing an additional 1,191 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in American Electric Power by 52.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 13,170 shares of the company's stock valued at $1,439,000 after purchasing an additional 4,503 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AEP has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Citigroup increased their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley dropped 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. UBS Group upped their price objective on American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a research note on Friday, June 6th. Finally, Raymond James Financial assumed coverage on American Electric Power in a research note on Friday, June 13th. They set an "outperform" rating and a $115.00 target price for the company. 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $108.31.

Insider Buying and Selling

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,314 shares of company stock valued at $3,508,293. 0.07% of the stock is currently owned by insiders.

American Electric Power Price Performance

Shares of NASDAQ AEP traded down $0.70 during midday trading on Friday, reaching $105.34. The company's stock had a trading volume of 2,473,878 shares, compared to its average volume of 3,226,904. 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 company has a market cap of $56.27 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.82 and a beta of 0.42. The business's 50 day moving average price is $103.00 and its two-hundred day moving average price is $102.25. American Electric Power Company, Inc. has a fifty-two week low of $89.84 and a fifty-two week high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share 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 return on equity of 11.68% and a net margin of 13.73%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal 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 given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's payout ratio is presently 71.68%.

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.