American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 19.1% in the first quarter, Holdings Channel.com reports. The firm owned 133,288 shares of the company’s stock after selling 31,516 shares during the period. Brookstone Capital Management’s holdings in American Electric Power were worth $11,476,000 as of its most recent SEC filing.

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

Insider Activity

In related news, EVP Antonio P. Smyth sold 4,898 shares of the business’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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power 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 completion of the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AEP. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Morgan Stanley decreased 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 report on Monday. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Barclays lifted their target price on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets increased their price target on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $88.62.

American Electric Power Stock Up 1.3 %

Shares of American Electric Power stock opened at $88.30 on Friday. 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 market capitalization of $46.54 billion, a P/E ratio of 16.38, a PEG ratio of 2.57 and a beta of 0.53. The business’s fifty day moving average price is $88.72 and its two-hundred day moving average price is $84.08. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share 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 revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS 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 $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 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.