Quent Capital LLC Grows Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Quent Capital LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,296 shares of the company’s stock after buying an additional 192 shares during the period. Quent Capital LLC’s holdings in American Electric Power were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank & Trust Co purchased a new stake in shares of American Electric Power in the second quarter valued at about $595,000. HBW Advisory Services LLC lifted its holdings in shares of American Electric Power by 34.3% in the second quarter. HBW Advisory Services LLC now owns 29,767 shares of the company’s stock valued at $2,612,000 after purchasing an additional 7,596 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of American Electric Power by 2.1% in the second quarter. Moody National Bank Trust Division now owns 12,420 shares of the company’s stock valued at $1,090,000 after purchasing an additional 252 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of American Electric Power by 3.5% in the second quarter. Marcum Wealth LLC now owns 3,925 shares of the company’s stock valued at $344,000 after purchasing an additional 131 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of American Electric Power by 2.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 55,288 shares of the company’s stock valued at $4,851,000 after purchasing an additional 1,329 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the sale, the executive vice president now owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other American Electric Power news, insider Therace Risch 5,274 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction dated 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 $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 24th. Bank of America lowered shares of American Electric Power from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $96.00 to $97.00 in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of American Electric Power from $100.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Scotiabank boosted their price objective on shares of American Electric Power from $90.00 to $99.00 and gave the company a “sector outperform” rating in a research report on Wednesday, July 31st. Finally, Guggenheim boosted their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.00.

American Electric Power Stock Up 0.2 %

Shares of AEP stock traded up $0.23 on Tuesday, hitting $98.29. The stock had a trading volume of 4,524,564 shares, compared to its average volume of 3,296,453. The firm has a market capitalization of $51.81 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.92 and a beta of 0.53. The stock’s 50 day moving average is $90.66 and its 200-day moving average is $86.22. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.37 and a current ratio of 0.65. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $104.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the firm posted $1.13 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.58%. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

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.