Capital Advisors Ltd. LLC Increases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Advisors Ltd. LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 27.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 869 shares of the company’s stock after purchasing an additional 187 shares during the period. Capital Advisors Ltd. LLC’s holdings in American Electric Power were worth $75,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AEP. Rise Advisors LLC bought a new stake in American Electric Power in the 1st quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in American Electric Power during the fourth quarter valued at $26,000. Wetzel Investment Advisors Inc. bought a new position in American Electric Power during the fourth quarter valued at $32,000. GoalVest Advisory LLC grew its stake in shares of American Electric Power by 304.8% in the 4th quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after buying an additional 320 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power in the 1st quarter worth $41,000. 75.24% of the stock is owned by institutional investors.

Insider Activity

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction on 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 of the company’s stock, valued at $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEP. Barclays increased their price target on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. BMO Capital Markets lifted their target price on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Scotiabank increased their price target on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.62.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $87.62 on Wednesday. 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 firm has a market cap of $46.19 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. The firm’s 50 day simple moving average is $88.88 and its 200-day simple moving average is $84.23. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $93.44.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.02%. 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.