American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,178 shares of the company’s stock after selling 2,459 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American Electric Power were worth $1,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEP. Apella Capital LLC acquired a new stake in shares of American Electric Power during the 4th quarter worth about $348,000. Hodges Capital Management Inc. acquired a new position in American Electric Power in the 1st quarter valued at about $1,615,000. Rockline Wealth Management LLC acquired a new position in American Electric Power in the 4th quarter valued at about $1,982,000. Nisa Investment Advisors LLC grew its position in American Electric Power by 28.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after acquiring an additional 11,065 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in American Electric Power by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock valued at $5,115,000 after acquiring an additional 16,225 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

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 value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at $580,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at $580,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction 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 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEP. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. BMO Capital Markets lifted their target price on American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Scotiabank lifted their price objective on American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley decreased their price objective on American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. One investment 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 data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $88.62.

American Electric Power Price Performance

AEP stock opened at $87.56 on Thursday. The business has a 50 day moving average price of $88.90 and a 200 day moving average price of $84.25. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.60 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $93.44. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

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

American Electric Power Company 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.