BerganKDV Wealth Management LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,517 shares of the company’s stock after purchasing an additional 2,187 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in American Electric Power were worth $3,743,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. CWM LLC acquired a new position in American Electric Power during the fourth quarter worth $1,066,000. Robeco Institutional Asset Management B.V. lifted its stake in American Electric Power by 16.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,525 shares of the company’s stock worth $848,000 after acquiring an additional 1,371 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in American Electric Power by 11.0% during the 4th quarter. Centaurus Financial Inc. now owns 3,244 shares of the company’s stock valued at $289,000 after acquiring an additional 321 shares during the period. Fifth Third Bancorp grew its position in American Electric Power by 0.6% in the 4th quarter. Fifth Third Bancorp now owns 124,152 shares of the company’s stock valued at $11,046,000 after acquiring an additional 734 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in American Electric Power by 0.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 842,963 shares of the company’s stock worth $74,626,000 after purchasing an additional 2,468 shares during the period. 73.26% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Therace Risch sold 5,330 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $102.35, for a total value of $545,525.50. Following the completion of the transaction, the executive vice president now owns 8,248 shares in the company, valued at approximately $844,182.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other American Electric Power news, EVP Charles E. Zebula sold 1,902 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $99.05, for a total value of $188,393.10. Following the completion of the sale, the executive vice president now owns 18,134 shares in the company, valued at $1,796,172.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Therace Risch sold 5,330 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $102.35, for a total value of $545,525.50. Following the completion of the sale, the executive vice president now directly owns 8,248 shares of the company’s stock, valued at $844,182.80. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
Analyst Ratings Changes
American Electric Power Stock Down 0.5 %
Shares of NASDAQ:AEP traded down $0.49 during trading hours on Friday, reaching $99.46. The stock had a trading volume of 2,699,261 shares, compared to its average volume of 2,476,944. American Electric Power Company, Inc. has a 1 year low of $80.22 and a 1 year high of $104.81. The firm’s 50 day moving average is $95.90 and its 200-day moving average is $95.93. The stock has a market capitalization of $51.10 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 3.23 and a beta of 0.35. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.66 and a current ratio of 0.75.
American Electric Power (NASDAQ:AEP – Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $3.98 billion. American Electric Power had a return on equity of 10.46% and a net margin of 14.39%. American Electric Power’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5 earnings per share for the current fiscal year.
American Electric Power Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $3.12 annualized dividend and a yield of 3.14%. American Electric Power’s dividend payout ratio is currently 61.30%.
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.
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