American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by American National Bank

American National Bank grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6,900.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,750 shares of the company’s stock after purchasing an additional 1,725 shares during the quarter. American National Bank’s holdings in American Electric Power were worth $151,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Rise Advisors LLC purchased a new position in American Electric Power during the first quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Wetzel Investment Advisors Inc. acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $32,000. GoalVest Advisory LLC grew its holdings in shares of American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new position in shares of American Electric Power in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $86.00 to $83.00 in a report on Monday, March 11th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. BMO Capital Markets boosted their price target on shares of American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Barclays boosted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.92.

Insider Activity at American Electric Power

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

American Electric Power Stock Down 0.9 %

Shares of American Electric Power stock opened at $87.05 on Friday. The company has a market cap of $45.89 billion, a P/E ratio of 16.15, a PEG ratio of 2.60 and a beta of 0.53. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $93.44. The firm has a fifty day moving average of $88.20 and a two-hundred day moving average of $83.87.

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

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.04%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

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.