American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lessened by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 109,521 shares of the company’s stock after selling 5,286 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in American Electric Power were worth $9,430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AEP. Frazier Financial Advisors LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power during the 1st quarter valued at about $26,000. Rise Advisors LLC bought a new stake in American Electric Power during the 1st quarter valued at approximately $27,000. YHB Investment Advisors Inc. bought a new stake in American Electric Power during the 1st quarter valued at approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Electric Power during the 4th quarter valued at approximately $32,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity

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

American Electric Power Trading Up 0.3 %

Shares of American Electric Power stock traded up $0.30 during trading on Friday, reaching $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. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.44. The business has a 50-day moving average price of $88.97 and a 200-day moving average price of $84.32. The firm has a market capitalization of $46.31 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.59 and a beta of 0.53.

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

American Electric Power Announces Dividend

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

Wall Street Analyst Weigh In

AEP has been the subject of several recent analyst reports. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and increased their target price for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. Scotiabank raised their price objective on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 1st. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. BMO Capital Markets raised their price objective on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Barclays raised their price objective on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $88.62.

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.