Nisa Investment Advisors LLC Has $5.80 Million Holdings in American Electric Power Company, Inc. $AEP

Nisa Investment Advisors LLC cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,933 shares of the company’s stock after selling 1,745 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Electric Power were worth $5,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Venture Visionary Partners LLC increased its holdings in American Electric Power by 7.3% in the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in American Electric Power in the second quarter valued at $7,722,000. TrueMark Investments LLC increased its holdings in American Electric Power by 8.6% in the second quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock valued at $5,289,000 after purchasing an additional 4,028 shares during the period. Vigilare Wealth Management acquired a new stake in shares of American Electric Power in the second quarter valued at about $556,000. Finally, Hilltop National Bank acquired a new stake in shares of American Electric Power in the second quarter valued at about $306,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AEP shares. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $115.00 to $121.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Wells Fargo & Company began coverage on shares of American Electric Power in a research report on Monday. They set an “overweight” rating and a $132.00 price objective for the company. Mizuho decreased their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. LADENBURG THALM/SH SH decreased their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on American Electric Power from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average price target of $120.79.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director owned 40,898 shares in the company, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,006 shares of company stock worth $1,243,522. 0.07% of the stock is owned by company insiders.

American Electric Power Stock Down 1.1%

AEP stock opened at $115.11 on Wednesday. The stock’s fifty day simple moving average is $112.48 and its two-hundred day simple moving average is $108.19. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market cap of $61.56 billion, a P/E ratio of 16.83, a P/E/G ratio of 3.07 and a beta of 0.48. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $120.46.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. Analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. The ex-dividend date is Monday, November 10th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

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.