American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Decreased by American International Group Inc.

American International Group Inc. lessened its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,266 shares of the company’s stock after selling 850 shares during the period. American International Group Inc.’s holdings in American Electric Power were worth $14,574,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. SG Americas Securities LLC grew its position in American Electric Power by 103.1% in the 4th quarter. SG Americas Securities LLC now owns 38,607 shares of the company’s stock worth $3,136,000 after purchasing an additional 19,594 shares during the last quarter. Mutual Advisors LLC grew its position in American Electric Power by 16.2% in the 4th quarter. Mutual Advisors LLC now owns 10,133 shares of the company’s stock worth $823,000 after purchasing an additional 1,413 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in American Electric Power by 174.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,610 shares of the company’s stock worth $699,000 after purchasing an additional 5,470 shares during the last quarter. CoreCap Advisors LLC grew its position in American Electric Power by 9.2% in the 4th quarter. CoreCap Advisors LLC now owns 5,357 shares of the company’s stock worth $435,000 after purchasing an additional 451 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in American Electric Power in the 4th quarter worth about $179,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the sale, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEP shares. Barclays upped their target price on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Morgan Stanley reduced their price target on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. Wells Fargo & Company upped their price target on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Royal Bank of Canada upped their price target on shares of 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, Scotiabank upped their price target on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus price target of $88.77.

American Electric Power Price Performance

AEP stock traded up $0.87 on Thursday, hitting $95.89. 1,136,669 shares of the company’s stock traded hands, compared to its average volume of 3,248,520. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $97.32. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.77 and a beta of 0.53. The stock has a fifty day moving average of $89.51 and a 200-day moving average of $85.25. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50.

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

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.67%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

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.