Bank of New Hampshire Buys Shares of 255 American Electric Power Company, Inc. (NASDAQ:AEP)

Bank of New Hampshire acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 255 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power during the fourth quarter worth about $28,000. Fairway Wealth LLC acquired a new position in shares of American Electric Power during the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth about $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of American Electric Power during the fourth quarter worth about $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the sale, the executive vice president now directly owns 26,298 shares of the company’s stock, valued at approximately $2,707,116.12. This trade represents a 23.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president now directly owns 9,658 shares of the company’s stock, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $101.79 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48. The stock has a 50 day moving average of $104.43 and a two-hundred day moving average of $101.02. The stock has a market cap of $54.38 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.97 and a beta of 0.42.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio is currently 71.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AEP shares. Citigroup boosted their price objective on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Barclays boosted their target price on American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Morgan Stanley decreased their target price on American Electric Power from $114.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, May 22nd. Finally, UBS Group boosted their target price on American Electric Power from $95.00 to $100.00 and gave the stock a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus price target of $107.75.

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.