AMG National Trust Bank Purchases Shares of 22,531 American Electric Power Company, Inc. (NASDAQ:AEP)

AMG National Trust Bank purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,531 shares of the company’s stock, valued at approximately $1,977,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. Frazier Financial Advisors LLC acquired a new stake in American Electric Power in the 4th quarter valued at about $26,000. Denali Advisors LLC acquired a new stake in shares of American Electric Power in the first quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $29,000. Finally, LRI Investments LLC raised its stake in American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $98.25 on Monday. The business has a fifty day moving average price of $93.21 and a two-hundred day moving average price of $88.18. The stock has a market capitalization of $51.79 billion, a PE ratio of 18.23, a P/E/G ratio of 2.92 and a beta of 0.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.37. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $104.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. American Electric Power’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.58%. American Electric Power’s payout ratio is 65.31%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $518,910.00. Following the sale, the executive vice president now directly owns 6,385 shares in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

AEP has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Bank of America downgraded shares of American Electric Power from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $96.00 to $97.00 in a research report on Tuesday, August 6th. Royal Bank of Canada upped their target price on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company increased their target price on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $94.69.

American Electric Power 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.