American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 21.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,631 shares of the company’s stock after acquiring an additional 1,552 shares during the period. 1834 Investment Advisors Co.’s holdings in American Electric Power were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new position in American Electric Power in the 4th quarter valued at about $26,000. Denali Advisors LLC acquired a new position in American Electric Power in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in American Electric Power in the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. purchased a new position in American Electric Power in the first quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in American Electric Power during the fourth quarter worth $32,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Morgan Stanley lowered their price objective on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, June 24th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and cut their target price for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Royal Bank of Canada raised their price target on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.62.

American Electric Power Stock Up 0.3 %

NASDAQ AEP traded up $0.30 during trading hours on Friday, hitting $87.86. 1,260,619 shares of the company were exchanged, compared to its average volume of 2,182,073. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.59 and a beta of 0.53. The company has a 50 day moving average of $88.97 and a two-hundred day moving average of $84.32. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $93.44.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Insider Buying and Selling at American Electric Power

In other news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the completion of the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

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.