Private Trust Co. NA Purchases 142 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Private Trust Co. NA increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,029 shares of the company’s stock after acquiring an additional 142 shares during the period. Private Trust Co. NA’s holdings in American Electric Power were worth $1,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pinnacle Financial Partners Inc grew its holdings in shares of American Electric Power by 6.5% during the first quarter. Pinnacle Financial Partners Inc now owns 102,121 shares of the company’s stock worth $11,132,000 after purchasing an additional 6,235 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in American Electric Power by 8.7% during the 1st quarter. Miller Howard Investments Inc. NY now owns 22,184 shares of the company’s stock worth $2,424,000 after buying an additional 1,784 shares in the last quarter. Kanawha Capital Management LLC bought a new stake in American Electric Power during the 1st quarter worth about $213,000. Moody Lynn & Lieberson LLC acquired a new stake in American Electric Power in the 1st quarter valued at about $236,000. Finally, Aaron Wealth Advisors LLC raised its stake in shares of American Electric Power by 7.1% in the first quarter. Aaron Wealth Advisors LLC now owns 4,564 shares of the company’s stock worth $499,000 after acquiring an additional 302 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.1%

NASDAQ AEP opened at $103.41 on Friday. American Electric Power Company, Inc. has a 12 month low of $86.83 and a 12 month high of $110.48. The stock has a 50-day simple moving average of $103.36 and a 200 day simple moving average of $101.73. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $55.24 billion, a PE ratio of 19.92, a P/E/G ratio of 2.74 and a beta of 0.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the prior year, the business posted $1.27 EPS. American Electric Power’s revenue was up 8.7% on a year-over-year basis. Research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power’s payout ratio is presently 71.68%.

Insider Activity

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president directly owned 9,658 shares in the company, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,314 shares of company stock worth $3,508,293. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Guggenheim increased their price target on shares of American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. BMO Capital Markets increased their price objective on American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Bank of America boosted their target price on American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Morgan Stanley cut their price target on American Electric Power from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Finally, Barclays lifted their price objective on American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.31.

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.