American Electric Power Company, Inc. (NASDAQ:AEP) EVP Sells $1,041,277.88 in Stock

American Electric Power Company, Inc. (NASDAQ:AEP) EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 9,658 shares of the company’s stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Electric Power Trading Down 0.0%

Shares of NASDAQ AEP traded down $0.01 during mid-day trading on Tuesday, reaching $103.77. The company had a trading volume of 1,153,163 shares, compared to its average volume of 3,196,928. The stock has a market cap of $55.43 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The business’s 50-day moving average is $105.30 and its 200-day moving average is $100.39. 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 (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion during 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 firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 EPS. Equities analysts expect 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. Investors of record on Friday, May 9th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.58%. American Electric Power’s dividend payout ratio (DPR) is currently 71.68%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AEP. Vanguard Group Inc. increased its stake in shares of American Electric Power by 1.1% during the first quarter. Vanguard Group Inc. now owns 52,269,781 shares of the company’s stock valued at $5,711,519,000 after buying an additional 579,175 shares during the period. Wellington Management Group LLP lifted its stake in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company’s stock worth $2,415,144,000 after acquiring an additional 4,323,569 shares during the period. GQG Partners LLC grew its holdings in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company’s stock worth $2,145,130,000 after acquiring an additional 4,570,941 shares in the last quarter. Geode Capital Management LLC increased its position in American Electric Power by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company’s stock valued at $1,178,174,000 after purchasing an additional 283,311 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company’s stock valued at $793,510,000 after purchasing an additional 716,229 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AEP. Wells Fargo & Company raised their price objective on 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. Morgan Stanley set a $114.00 price target on American Electric Power and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Guggenheim lifted 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 note on Wednesday, May 7th. BMO Capital Markets boosted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Finally, Bank of America raised their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $105.77.

American Electric Power Company 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.