ANTIPODES PARTNERS Ltd Has $141.32 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

ANTIPODES PARTNERS Ltd lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293,244 shares of the company’s stock after selling 93,131 shares during the period. American Electric Power accounts for 4.4% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 8th largest holding. ANTIPODES PARTNERS Ltd owned about 0.24% of American Electric Power worth $141,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AEP. Jackson Hole Capital Partners LLC boosted its stake in shares of American Electric Power by 33.5% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 16,944 shares of the company’s stock worth $1,851,000 after buying an additional 4,248 shares during the last quarter. Atria Investments Inc boosted its stake in shares of American Electric Power by 5.5% during the 1st quarter. Atria Investments Inc now owns 86,893 shares of the company’s stock worth $9,495,000 after buying an additional 4,534 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of American Electric Power by 1.0% in the 1st quarter. Principle Wealth Partners LLC now owns 35,255 shares of the company’s stock valued at $3,852,000 after purchasing an additional 335 shares during the period. Lifeworks Advisors LLC raised its holdings in shares of American Electric Power by 17.0% in the 1st quarter. Lifeworks Advisors LLC now owns 3,723 shares of the company’s stock valued at $407,000 after purchasing an additional 541 shares during the period. Finally, Advisor OS LLC raised its holdings in shares of American Electric Power by 5.3% in the 1st quarter. Advisor OS LLC now owns 6,895 shares of the company’s stock valued at $753,000 after purchasing an additional 348 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.2%

Shares of American Electric Power stock traded up $0.24 during trading on Thursday, reaching $109.13. The company’s stock had a trading volume of 316,115 shares, compared to its average volume of 3,545,141. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $110.51. The company has a market cap of $58.30 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.92 and a beta of 0.42. The firm’s 50-day moving average is $103.49 and its two-hundred day moving average is $103.07. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. 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 prior year, the company earned $1.27 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.41%. American Electric Power’s dividend payout ratio is currently 71.68%.

Insiders Place Their Bets

In related news, EVP David Matthew Feinberg sold 8,058 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This represents a 43.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the company’s stock in a transaction on 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 sale, the executive vice president owned 9,658 shares of the company’s stock, valued at $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,314 shares of company stock valued at $3,508,293 over the last quarter. 0.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AEP shares. 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. Citigroup increased their price target on shares of American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Raymond James Financial started coverage on shares of American Electric Power in a research note on Friday, June 13th. They issued an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley dropped their price target on shares of 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, Guggenheim increased their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.31.

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.