6,889 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,889 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. acquired a new stake in American Electric Power during the fourth quarter worth about $876,000. B. Riley Wealth Advisors Inc. boosted its stake in American Electric Power by 13.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 29,307 shares of the company’s stock worth $2,380,000 after buying an additional 3,371 shares during the period. Leo Wealth LLC purchased a new position in American Electric Power during the fourth quarter worth about $401,000. MONECO Advisors LLC purchased a new position in American Electric Power during the fourth quarter worth about $203,000. Finally, Vanguard Group Inc. boosted its stake in American Electric Power by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 49,225,322 shares of the company’s stock worth $3,998,081,000 after buying an additional 425,649 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays increased 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 note on Thursday, May 2nd. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. BMO Capital Markets raised their price objective on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Wells Fargo & Company raised their price objective on shares of 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. Finally, LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their target price for the company from $73.00 to $86.00 in a report on Thursday, June 6th. One equities research 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. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $88.92.

Insider Activity at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction 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 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 accessible through this link. In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction 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 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 accessible through this link. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following 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. 0.12% of the stock is currently owned by insiders.

American Electric Power Stock Down 0.9 %

AEP stock opened at $87.05 on Friday. 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 Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.44. The company’s 50 day moving average is $88.20 and its two-hundred day moving average is $83.87. The stock has a market cap of $45.89 billion, a P/E ratio of 16.15, a PEG ratio of 2.61 and a beta of 0.53.

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

American Electric Power Dividend Announcement

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