Dynamic Advisor Solutions LLC Reduces Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Dynamic Advisor Solutions LLC reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,407 shares of the company’s stock after selling 200 shares during the period. Dynamic Advisor Solutions LLC’s holdings in American Electric Power were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after purchasing an additional 1,095 shares during the last quarter. Principal Securities Inc. grew its holdings in American Electric Power by 23.5% in the 4th quarter. Principal Securities Inc. now owns 5,257 shares of the company’s stock valued at $485,000 after buying an additional 1,002 shares in the last quarter. Allworth Financial LP increased its stake in shares of American Electric Power by 34.5% in the 4th quarter. Allworth Financial LP now owns 15,586 shares of the company’s stock worth $1,519,000 after acquiring an additional 4,000 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of American Electric Power during the 4th quarter valued at about $263,000. Finally, Atria Wealth Solutions Inc. boosted its position in shares of American Electric Power by 8.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 38,135 shares of the company’s stock valued at $3,517,000 after acquiring an additional 2,942 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $101.20 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31. The stock has a market capitalization of $54.06 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.42. The business has a 50-day moving average of $104.15 and a 200 day moving average of $101.15. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Friday, May 9th. American Electric Power’s dividend payout ratio is currently 71.68%.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of analyst reports. Barclays lifted their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Guggenheim raised their target price on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Raymond James Financial began coverage on American Electric Power in a research report on Friday, June 13th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and a consensus target price of $108.31.

Insider Activity

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president now directly owns 9,658 shares of the company’s stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the sale, the executive vice president now directly owns 26,298 shares in the company, valued at approximately $2,707,116.12. This represents a 23.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,314 shares of company stock worth $3,508,293. Corporate insiders own 0.07% of the company’s stock.

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.