Diversified Trust Co Lowers Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Diversified Trust Co lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 4.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,932 shares of the company’s stock after selling 171 shares during the period. Diversified Trust Co’s holdings in American Electric Power were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in American Electric Power by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after buying an additional 3,589,451 shares during the period. Nomura Holdings Inc. purchased a new position in American Electric Power in the 4th quarter valued at approximately $175,667,000. Envestnet Asset Management Inc. boosted its position in American Electric Power by 67.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock valued at $210,055,000 after buying an additional 1,043,885 shares during the period. Morgan Stanley boosted its position in American Electric Power by 4.1% in the 3rd 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. Finally, First Financial Bankshares Inc purchased a new position in American Electric Power in the 4th quarter valued at approximately $47,326,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $87.56 on Friday. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.44. The stock has a market cap of $46.15 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53. 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 firm has a fifty day moving average price of $88.92 and a 200 day moving average price of $84.28.

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

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $0.88 dividend. The ex-dividend date was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. American Electric Power’s payout ratio is 65.31%.

Insider Activity

In other news, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’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 directly owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares in the company, valued at $563,476.25. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays raised 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 research report on Thursday, May 2nd. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. 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 research report on Wednesday, May 1st. 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. Finally, Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.62.

View Our Latest Report on American Electric Power

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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