Yousif Capital Management LLC Grows Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Yousif Capital Management LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 0.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,441 shares of the company’s stock after buying an additional 255 shares during the quarter. Yousif Capital Management LLC’s holdings in American Electric Power were worth $9,008,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of New Hampshire purchased a new position in shares of American Electric Power in the first quarter worth $28,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new stake in American Electric Power during the fourth quarter valued at $28,000. Fairway Wealth LLC purchased a new stake in American Electric Power during the fourth quarter valued at $32,000. Finally, Kestra Investment Management LLC purchased a new stake in American Electric Power during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5%

AEP stock opened at $101.87 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.44 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 market capitalization of $54.42 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The firm’s fifty day simple moving average is $104.16 and its two-hundred day simple moving average is $101.05.

American Electric Power (NASDAQ:AEP) last posted 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. The business had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, May 9th. American Electric Power’s payout ratio is presently 71.68%.

Insider Transactions at American Electric Power

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AEP. UBS Group upped their price target on shares of American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a research note on Friday, June 6th. BMO Capital Markets upped their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Barclays upped their price target on shares of American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Citigroup upped their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price target on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.