Twinbeech Capital LP Has $681,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Twinbeech Capital LP decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 98.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,379 shares of the company's stock after selling 464,670 shares during the quarter. Twinbeech Capital LP's holdings in American Electric Power were worth $681,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted its stake in shares of American Electric Power by 6.1% in the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after acquiring an additional 3,288 shares during the last quarter. Secure Asset Management LLC grew its stake in shares of American Electric Power by 22.4% in the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock valued at $2,206,000 after buying an additional 4,370 shares during the period. Parsons Capital Management Inc. RI grew its stake in shares of American Electric Power by 55.3% in the 4th quarter. Parsons Capital Management Inc. RI now owns 7,864 shares of the company's stock valued at $725,000 after buying an additional 2,800 shares during the period. Capital Insight Partners LLC bought a new position in American Electric Power in the 4th quarter valued at about $714,000. Finally, Allen Capital Group LLC lifted its position in American Electric Power by 231.8% in the 4th quarter. Allen Capital Group LLC now owns 30,613 shares of the company's stock valued at $2,823,000 after acquiring an additional 21,388 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the transaction, the executive vice president now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AEP shares. Wells Fargo & Company lifted their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Bank of America raised their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Barclays raised their target price on 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, Citigroup raised their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $105.69.

American Electric Power Trading Down 1.1%

Shares of American Electric Power stock opened at $101.80 on Friday. The stock has a market cap of $54.38 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a fifty day moving average price of $105.15 and a 200 day moving average price of $100.46. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48.

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

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend 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.

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