AlphaQuest LLC Takes Position in American Electric Power Company, Inc. $AEP

AlphaQuest LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,858 shares of the company’s stock, valued at approximately $3,809,000.

Several other institutional investors also recently bought and sold shares of AEP. PFG Investments LLC boosted its holdings in shares of American Electric Power by 0.3% during the third quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock worth $2,793,000 after purchasing an additional 83 shares during the last quarter. Strategic Advisors LLC lifted its position in American Electric Power by 0.3% during the third quarter. Strategic Advisors LLC now owns 26,605 shares of the company’s stock worth $2,993,000 after buying an additional 87 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in American Electric Power by 12.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 791 shares of the company’s stock worth $82,000 after buying an additional 89 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in American Electric Power by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 4,036 shares of the company’s stock worth $419,000 after buying an additional 91 shares during the last quarter. Finally, Eagle Strategies LLC grew its holdings in American Electric Power by 1.7% in the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock valued at $572,000 after buying an additional 94 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director owned 25,898 shares of the company’s stock, valued at approximately $2,980,082.86. This trade represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.

American Electric Power Stock Up 0.1%

Shares of NASDAQ:AEP opened at $119.21 on Friday. The company’s fifty day moving average is $117.27 and its two-hundred day moving average is $114.85. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power Company, Inc. has a 1-year low of $97.32 and a 1-year high of $124.80. The stock has a market capitalization of $63.67 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.01). The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s dividend payout ratio is presently 55.39%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AEP shares. Morgan Stanley restated an “overweight” rating and issued a $125.00 price objective on shares of American Electric Power in a report on Wednesday, January 21st. Bank of America cut shares of American Electric Power from a “buy” rating to a “neutral” rating and reduced their price target for the company from $131.00 to $122.00 in a research report on Monday, January 12th. TD Cowen raised shares of American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lifted their target price on shares of American Electric Power from $128.00 to $133.00 in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.39.

American Electric Power Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.