Greg B. Hall Sells 759 Shares of American Electric Power Company, Inc. (NASDAQ:AEP) Stock

American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) EVP Greg B. Hall sold 759 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $100.15, for a total value of $76,013.85. Following the completion of the transaction, the executive vice president now directly owns 3,903 shares in the company, valued at approximately $390,885.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AEP traded up $0.08 during trading hours on Monday, reaching $99.73. The company had a trading volume of 145,883 shares, compared to its average volume of 3,186,516. The firm has a 50 day simple moving average of $98.91 and a 200-day simple moving average of $90.94. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $51.22 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.40 and a beta of 0.34. American Electric Power Company, Inc. has a 12-month low of $80.22 and a 12-month high of $104.81.

American Electric Power (NASDAQ:AEPGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.37 billion. American Electric Power had a net margin of 15.34% and a return on equity of 10.65%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 4.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 9th. This represents a $3.12 dividend on an annualized basis and a yield of 3.13%. American Electric Power’s payout ratio is 59.66%.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $93.00 to $101.00 in a research report on Monday, February 28th. Morgan Stanley lifted their price objective on American Electric Power from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Mizuho increased their target price on American Electric Power from $94.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, March 29th. Credit Suisse Group initiated coverage on American Electric Power in a research note on Monday, April 25th. They issued an “outperform” rating and a $113.00 price target on the stock. Finally, StockNews.com started coverage on American Electric Power in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Buy” and an average price target of $104.70.

A number of hedge funds and other institutional investors have recently modified their holdings of AEP. Aldebaran Financial Inc. grew its stake in shares of American Electric Power by 4.2% in the 1st quarter. Aldebaran Financial Inc. now owns 2,500 shares of the company’s stock valued at $249,000 after buying an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of American Electric Power by 2.5% in the 1st quarter. Great Valley Advisor Group Inc. now owns 4,157 shares of the company’s stock valued at $406,000 after buying an additional 100 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of American Electric Power by 2.2% in the 1st quarter. Bridgewater Advisors Inc. now owns 4,664 shares of the company’s stock valued at $465,000 after buying an additional 101 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of American Electric Power by 6.3% in the 1st quarter. Bogart Wealth LLC now owns 1,723 shares of the company’s stock valued at $172,000 after buying an additional 102 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its stake in shares of American Electric Power by 1.8% in the 1st quarter. Gryphon Financial Partners LLC now owns 5,875 shares of the company’s stock valued at $586,000 after buying an additional 105 shares in the last quarter. 73.26% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Company Profile (Get Rating)

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.

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