Tyche Wealth Partners LLC Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Tyche Wealth Partners LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,126 shares of the company’s stock, valued at approximately $232,000.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of American Electric Power by 11.5% during the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after acquiring an additional 1,095 shares during the period. MONECO Advisors LLC raised its stake in shares of American Electric Power by 17.0% in the 4th quarter. MONECO Advisors LLC now owns 2,538 shares of the company’s stock valued at $234,000 after purchasing an additional 368 shares during the period. Crestwood Advisors Group LLC lifted its holdings in shares of American Electric Power by 10.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 7,920 shares of the company’s stock valued at $730,000 after purchasing an additional 729 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of American Electric Power by 6.1% during the fourth quarter. Rothschild Investment LLC now owns 5,306 shares of the company’s stock worth $489,000 after buying an additional 304 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of American Electric Power by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,844,201 shares of the company’s stock worth $354,551,000 after buying an additional 84,704 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the transaction, the executive vice president now directly owns 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Matthew Feinberg sold 8,057 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58. Following the sale, the executive vice president now owns 26,298 shares of the company’s stock, valued at approximately $2,707,116.12. This represents a 23.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock worth $3,508,293 over the last 90 days. Company insiders own 0.07% of the company’s stock.

American Electric Power Price Performance

Shares of AEP opened at $101.41 on Thursday. 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’s fifty day simple moving average is $103.83 and its 200 day simple moving average is $101.33. American Electric Power Company, Inc. has a 1-year low of $85.93 and a 1-year high of $110.48. The company has a market cap of $54.17 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.74 and a beta of 0.42.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. American Electric Power’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 EPS. On average, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $0.93 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.72 annualized dividend and a yield of 3.67%. American Electric Power’s dividend payout ratio is 71.68%.

Analyst Ratings Changes

AEP has been the topic of several research reports. UBS Group boosted their target price on American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a research note on Friday, June 6th. Wells Fargo & Company boosted their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Barclays increased their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. BMO Capital Markets lifted their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Finally, Guggenheim boosted their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. One research 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. According to data from MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average price target of $108.31.

American Electric Power 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.