Manchester Capital Management LLC Acquires 172 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Manchester Capital Management LLC raised its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,786 shares of the company’s stock after purchasing an additional 172 shares during the quarter. Manchester Capital Management LLC’s holdings in American Electric Power were worth $154,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AEP. Denali Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power in the 1st quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at $26,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the 1st quarter valued at $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of American Electric Power in the 4th quarter valued at $32,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s 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 sale, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s 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 sale, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business’s 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 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. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. BMO Capital Markets lifted their target price on American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Royal Bank of Canada lifted their price objective on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Barclays lifted their price objective on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.62.

American Electric Power Trading Up 0.5 %

NASDAQ:AEP traded up $0.43 on Friday, reaching $91.27. The company’s stock had a trading volume of 499,898 shares, compared to its average volume of 3,293,740. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a market cap of $48.11 billion, a PE ratio of 16.85, a PEG ratio of 2.61 and a beta of 0.53. The business’s 50-day moving average price is $89.07 and its two-hundred day moving average price is $84.53.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.86%. American Electric Power’s payout ratio is 65.31%.

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.