Personal CFO Solutions LLC Boosts Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Personal CFO Solutions LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,345 shares of the company’s stock after acquiring an additional 130 shares during the quarter. Personal CFO Solutions LLC’s holdings in American Electric Power were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AEP. Wellington Management Group LLP boosted its holdings in shares of American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after acquiring an additional 3,589,451 shares during the period. Morgan Stanley increased its position in shares of American Electric Power by 4.1% during the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after buying an additional 587,145 shares during the period. Invesco Ltd. lifted its holdings in shares of American Electric Power by 13.7% in the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after buying an additional 1,181,706 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of American Electric Power by 5.1% in the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after buying an additional 374,300 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of American Electric Power by 18.1% in the third quarter. Lazard Asset Management LLC now owns 4,311,429 shares of the company’s stock valued at $324,304,000 after acquiring an additional 660,599 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were 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 document filed with the SEC, which is accessible through this link. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The stock was 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 disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

American Electric Power Stock Performance

NASDAQ:AEP opened at $88.30 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $87.42 and its 200 day simple moving average is $83.33. The stock has a market cap of $46.54 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.61 and a beta of 0.53. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.44.

American Electric Power (NASDAQ:AEPGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. American Electric Power’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on AEP shares. BMO Capital Markets raised their price target on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Royal Bank of Canada raised their price target on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Barclays boosted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Finally, Scotiabank lifted their price objective on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.92.

Read Our Latest Report on American Electric Power

American Electric Power Company 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.

See Also

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

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