Morningstar Investment Services LLC Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Morningstar Investment Services LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,384 shares of the company’s stock, valued at approximately $357,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in American Electric Power in the 4th quarter valued at about $26,000. Wetzel Investment Advisors Inc. bought a new position in American Electric Power in the fourth quarter valued at approximately $32,000. GoalVest Advisory LLC raised its position in American Electric Power by 304.8% during the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in American Electric Power during the third quarter worth $36,000. Finally, Northwest Financial Advisors acquired a new stake in shares of American Electric Power in the 4th quarter valued at $41,000. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the completion of the sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $73.00 to $86.00 in a report on Thursday. BMO Capital Markets boosted their target price on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Morgan Stanley increased their target price on shares of American Electric Power from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Barclays lifted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.92.

Check Out Our Latest Stock Analysis on AEP

American Electric Power Price Performance

Shares of AEP opened at $88.30 on Friday. The business has a 50-day moving average of $87.42 and a 200-day moving average of $83.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The company has a market capitalization of $46.54 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $93.44.

American Electric Power (NASDAQ:AEPGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the business earned $1.11 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.99%. American Electric Power’s payout ratio is currently 65.31%.

American Electric Power Profile

(Free Report)

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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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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