LVW Advisors LLC Grows Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

LVW Advisors LLC raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 43.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,658 shares of the company’s stock after acquiring an additional 3,535 shares during the quarter. LVW Advisors LLC’s holdings in American Electric Power were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC boosted its position in American Electric Power by 2.5% during the fourth quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after acquiring an additional 130 shares during the last quarter. BLB&B Advisors LLC grew its holdings 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 buying an additional 131 shares during the period. Southland Equity Partners LLC lifted its holdings in shares of American Electric Power by 4.2% during the 1st quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock worth $284,000 after acquiring an additional 133 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of American Electric Power by 2.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after acquiring an additional 135 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

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 completion of the transaction, the executive vice president now 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 related 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 completion of the sale, the executive vice president now owns 6,385 shares of the company’s stock, valued at $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the 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 of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Electric Power Stock Down 0.6 %

NASDAQ:AEP opened at $87.74 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The company has a market capitalization of $46.25 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $93.44. The stock has a 50-day simple moving average of $88.79 and a 200 day simple moving average of $84.16.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the business earned $1.11 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AEP shares. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Wells Fargo & Company lifted their price target on shares of 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. Royal Bank of Canada lifted their target price on shares of American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays boosted their price objective on 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. Finally, Morgan Stanley reduced their price target on 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. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.62.

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.