American Electric Power Company, Inc. (NASDAQ:AEP) Stock Holdings Increased by Apella Capital LLC

Apella Capital LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% during the 1st quarter, Holdings Channel reports. The fund owned 4,610 shares of the company’s stock after purchasing an additional 205 shares during the period. Apella Capital LLC’s holdings in American Electric Power were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power in the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in American Electric Power in the fourth quarter worth approximately $28,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the fourth quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in American Electric Power in the fourth quarter worth approximately $35,000. Finally, Kestra Investment Management LLC acquired a new stake in American Electric Power in the fourth quarter worth approximately $35,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other news, EVP David Matthew Feinberg sold 8,057 shares of the company’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 transaction, the executive vice president now directly owns 26,298 shares of the company’s stock, valued at approximately $2,707,116.12. This represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the company’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 transaction, the executive vice president now directly owns 9,658 shares in the company, valued at $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $101.85 on Thursday. The company’s fifty day moving average is $104.72 and its two-hundred day moving average is $100.90. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12-month low of $85.93 and a 12-month high of $110.48. The company has a market cap of $54.41 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42.

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

American Electric Power Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on AEP shares. Barclays upped their target price on American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. Morgan Stanley cut their target price on American Electric Power from $114.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. Guggenheim upped their price target on American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Finally, Bank of America upped their price target on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average target price of $105.69.

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.