American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 117.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,396 shares of the company's stock after buying an additional 53,710 shares during the period. Wealthfront Advisers LLC's holdings in American Electric Power were worth $10,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company's stock worth $978,000 after purchasing an additional 1,095 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in American Electric Power in the 4th quarter valued at $149,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power in the 4th quarter valued at $25,000. Choate Investment Advisors acquired a new stake in American Electric Power during the 4th quarter worth $419,000. Finally, Corient Private Wealth LLC grew its position in American Electric Power by 201.6% during the 4th quarter. Corient Private Wealth LLC now owns 153,142 shares of the company's stock worth $14,124,000 after purchasing an additional 303,916 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AEP. Guggenheim upped their target price on shares of American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets upped their price objective 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. Wells Fargo & Company lifted their target price on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, UBS Group increased their price target on American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $108.31.

Insider Activity

In related news, EVP David Matthew Feinberg sold 8,058 shares of the firm's 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 owned 10,274 shares in the company, valued at approximately $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction 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 owned 9,658 shares of the company's stock, valued at $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,314 shares of company stock valued at $3,508,293 in the last three months. 0.07% of the stock is currently owned by corporate insiders.

American Electric Power Price Performance

Shares of AEP traded up $0.52 on Thursday, reaching $106.01. The stock had a trading volume of 1,058,740 shares, compared to its average volume of 3,222,306. The firm has a 50-day moving average of $102.85 and a 200 day moving average of $102.52. The firm has a market capitalization of $56.63 billion, a PE ratio of 20.41, a PEG ratio of 2.77 and a beta of 0.42. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $110.48. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The business's revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.51%. The ex-dividend date was 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.