American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 25.3% in the 4th quarter, HoldingsChannel reports. The firm owned 4,566 shares of the company’s stock after selling 1,546 shares during the period. Integrated Advisors Network LLC’s holdings in American Electric Power were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC raised its stake in American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after purchasing an additional 130 shares during the last quarter. BLB&B Advisors LLC raised its stake in American Electric Power by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after purchasing an additional 131 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after buying an additional 135 shares during the period. CENTRAL TRUST Co grew its holdings in American Electric Power by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after buying an additional 138 shares during the period. Finally, Fulton Breakefield Broenniman LLC grew its holdings in American Electric Power by 3.2% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 4,678 shares of the company’s stock valued at $380,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Down 0.2 %

NASDAQ AEP opened at $87.55 on Wednesday. The stock has a market cap of $46.15 billion, a PE ratio of 16.24, a P/E/G ratio of 2.61 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $93.44. The business has a 50 day moving average price of $87.91 and a two-hundred day moving average price of $83.76. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

American Electric Power (NASDAQ:AEP) last announced 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 company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the company posted $1.11 EPS. American Electric Power’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.58 EPS 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 given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, May 9th. American Electric Power’s payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEP. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays boosted their target price on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their target price on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. BMO Capital Markets boosted their target price on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Cfra reiterated a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.92.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $518,910.00. Following the sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

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.