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

Yousif Capital Management LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,441 shares of the company’s stock after buying an additional 255 shares during the quarter. Yousif Capital Management LLC’s holdings in American Electric Power were worth $9,008,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AEP. Vanguard Group Inc. raised its position in shares of American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after purchasing an additional 763,813 shares during the last quarter. GQG Partners LLC boosted its stake in American Electric Power by 3.7% in the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company’s stock worth $1,389,032,000 after purchasing an additional 543,054 shares in the last quarter. Geode Capital Management LLC boosted its stake in American Electric Power by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company’s stock worth $1,178,174,000 after purchasing an additional 283,311 shares in the last quarter. Invesco Ltd. boosted its stake in American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company’s stock worth $793,510,000 after purchasing an additional 716,229 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in American Electric Power by 1.2% in the 4th quarter. Royal Bank of Canada now owns 7,047,428 shares of the company’s stock worth $649,983,000 after purchasing an additional 85,756 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP David Matthew Feinberg sold 8,057 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total value of $829,387.58. Following the completion of the sale, the executive vice president now owns 26,298 shares of the company’s stock, valued at approximately $2,707,116.12. The trade was a 23.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the sale, the executive vice president now directly owns 9,658 shares of the company’s stock, valued at approximately $991,683.44. The trade was a 51.22% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $101.87 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $54.42 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The company has a 50 day moving average price of $104.16 and a 200-day moving average price of $101.05. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 71.68%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Wells Fargo & Company lifted their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Guggenheim lifted their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Barclays lifted their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Finally, Bank of America lifted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.75.

American Electric Power Company 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.