23,000 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,000 shares of the company's stock, valued at approximately $2,121,000.

Several other large investors also recently bought and sold shares of AEP. Two Sigma Investments LP boosted its stake in shares of American Electric Power by 168.7% during the 4th quarter. Two Sigma Investments LP now owns 57,818 shares of the company's stock valued at $5,333,000 after buying an additional 36,298 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of American Electric Power by 14.8% during the 4th quarter. Tidal Investments LLC now owns 10,827 shares of the company's stock valued at $999,000 after buying an additional 1,393 shares during the last quarter. Tema Etfs LLC purchased a new position in shares of American Electric Power during the 4th quarter valued at approximately $331,000. Safeguard Investment Advisory Group LLC boosted its stake in shares of American Electric Power by 4.3% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after buying an additional 100 shares during the last quarter. Finally, Sagefield Capital LP boosted its stake in shares of American Electric Power by 30.5% during the 4th quarter. Sagefield Capital LP now owns 50,418 shares of the company's stock valued at $4,650,000 after buying an additional 11,777 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AEP shares. Bank of America increased their target price 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. Citigroup increased their target price on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays increased their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company raised 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. Finally, BMO Capital Markets raised their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $105.69.

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 dated 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 directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company's stock.

American Electric Power Stock Performance

AEP stock traded down $0.31 during mid-day trading on Monday, reaching $103.18. The company had a trading volume of 2,318,068 shares, compared to its average volume of 3,200,145. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $55.12 billion, a P/E ratio of 18.43, a P/E/G ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48. The stock's 50-day simple moving average is $104.86 and its two-hundred day simple moving average is $100.88.

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 analysts' consensus estimates of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.33 billion. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.27 earnings per share. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power's payout ratio is 71.68%.

American Electric Power 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.