American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 56.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,617 shares of the company's stock after buying an additional 4,198 shares during the period. Waverly Advisors LLC's holdings in American Electric Power were worth $1,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Worldquant Millennium Advisors LLC boosted its position in shares of American Electric Power by 721.9% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 737,143 shares of the company's stock valued at $67,987,000 after buying an additional 647,453 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its position in shares of American Electric Power by 6.1% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 2,177 shares of the company's stock valued at $201,000 after buying an additional 125 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of American Electric Power during the fourth quarter valued at $2,950,000. Zimmer Partners LP boosted its position in shares of American Electric Power by 104.0% during the fourth quarter. Zimmer Partners LP now owns 955,156 shares of the company's stock valued at $88,094,000 after buying an additional 487,032 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of American Electric Power by 12.0% during the fourth quarter. Vident Advisory LLC now owns 12,413 shares of the company's stock valued at $1,145,000 after buying an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Transactions at American Electric Power

In related news, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction 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. This represents a 51.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AEP shares. 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 report on Tuesday, April 22nd. Guggenheim lifted their target price on American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their target price 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. Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Finally, Citigroup boosted their price objective on American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average price target of $105.69.

American Electric Power Stock Up 0.0%

Shares of AEP stock traded up $0.03 during mid-day trading on Tuesday, hitting $102.91. The stock had a trading volume of 2,582,090 shares, compared to its average volume of 3,207,711. The firm has a market capitalization of $54.97 billion, a P/E ratio of 18.38, 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. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The firm's 50-day moving average is $105.03 and its two-hundred day moving average is $100.58.

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. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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