American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,507 shares of the company’s stock after acquiring an additional 895 shares during the period. Kingswood Wealth Advisors LLC’s holdings in American Electric Power were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AEP. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power during the 4th quarter worth $26,000. Denali Advisors LLC acquired a new position in American Electric Power during the first quarter worth about $26,000. Rise Advisors LLC purchased a new position in American Electric Power in the first quarter valued at about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power during the 1st quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $32,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AEP shares. BMO Capital Markets raised their price objective on shares of American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Wells Fargo & Company boosted their price target on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. Finally, Bank of America lowered shares of American Electric Power from a “neutral” rating to an “underperform” rating and upped their target price for the company from $96.00 to $97.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.38.

American Electric Power Price Performance

AEP stock traded up $1.28 during trading hours on Wednesday, hitting $99.57. 4,489,963 shares of the stock traded hands, compared to its average volume of 3,304,372. The company has a current ratio of 0.65, a quick ratio of 0.37 and a debt-to-equity ratio of 1.53. The stock has a 50-day simple moving average of $90.86 and a 200 day simple moving average of $86.37. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $104.41. The company has a market cap of $52.49 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.92 and a beta of 0.53.

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

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s dividend payout ratio is 65.31%.

Insider Transactions at American Electric Power

In related news, EVP Greg B. Hall sold 5,880 shares of the firm’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 directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s 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 directly owns 6,385 shares in the company, valued at $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power 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 completion of the transaction, the executive vice president now 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 currently owned by company insiders.

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.