American Electric Power Company, Inc. (NASDAQ:AEP) Position Lessened by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,612 shares of the company’s stock after selling 239 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in American Electric Power were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. F&V Capital Management LLC raised its holdings in shares of American Electric Power by 1.6% during the first quarter. F&V Capital Management LLC now owns 124,625 shares of the company’s stock worth $10,730,000 after acquiring an additional 1,920 shares in the last quarter. Riverview Trust Co acquired a new position in American Electric Power during the first quarter worth $62,000. Strategic Planning Group LLC increased its position in American Electric Power by 18.9% during the first quarter. Strategic Planning Group LLC now owns 15,137 shares of the company’s stock worth $1,303,000 after buying an additional 2,403 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in American Electric Power by 0.4% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 147,219 shares of the company’s stock worth $12,206,000 after buying an additional 630 shares during the last quarter. Finally, Navalign LLC increased its position in American Electric Power by 6.0% during the first quarter. Navalign LLC now owns 9,062 shares of the company’s stock worth $780,000 after buying an additional 513 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction dated 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 $563,476.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the firm’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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of American Electric Power 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 of the company’s stock, valued at approximately $563,476.25. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Stock Down 0.6 %

AEP stock opened at $87.74 on Friday. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.44. The company has a market cap of $46.25 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. The business’s 50-day simple moving average is $88.79 and its 200 day simple moving average is $84.13. 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 released its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping 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 business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Thursday, May 9th. American Electric Power’s dividend payout ratio is 65.31%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AEP shares. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Morgan Stanley lowered their target price on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, June 24th. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Barclays raised their price target on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company raised their price target on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.62.

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.