American Electric Power Company, Inc. (NASDAQ:AEP) Stake Trimmed by Cwm LLC

Cwm LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,206 shares of the company’s stock after selling 1,210 shares during the quarter. Cwm LLC’s holdings in American Electric Power were worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AEP. Personal CFO Solutions LLC boosted its position in American Electric Power by 2.5% during the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after acquiring an additional 130 shares during the period. BLB&B Advisors LLC boosted its position in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after acquiring an additional 131 shares during the period. Hexagon Capital Partners LLC boosted its position in American Electric Power by 2.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after acquiring an additional 135 shares during the period. CENTRAL TRUST Co boosted its position in American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after acquiring an additional 138 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its position in American Electric Power by 3.2% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 4,678 shares of the company’s stock worth $380,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. BMO Capital Markets lifted their price target on American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, Barclays lifted their price target on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $88.92.

American Electric Power Stock Down 0.2 %

AEP opened at $87.55 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The business has a 50 day moving average price of $87.91 and a 200 day moving average price of $83.76. The firm has a market cap of $46.15 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.60 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:AEP) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.25 by $0.02. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS. Research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

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

Insiders Place Their Bets

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. 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 transaction of $440,820.00. Following the sale, the executive vice president now directly 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 the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the sale, 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. Company insiders own 0.12% of the company’s stock.

About American Electric Power

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.