Investment Partners LTD. Sells 468 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Investment Partners LTD. reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,318 shares of the company’s stock after selling 468 shares during the quarter. Investment Partners LTD.’s holdings in American Electric Power were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEP. FMR LLC boosted its position in shares of American Electric Power by 24.8% during the third quarter. FMR LLC now owns 639,933 shares of the company’s stock worth $48,136,000 after acquiring an additional 127,047 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of American Electric Power by 30.7% in the 3rd quarter. Dark Forest Capital Management LP now owns 4,752 shares of the company’s stock valued at $357,000 after acquiring an additional 1,117 shares during the last quarter. Algert Global LLC purchased a new position in American Electric Power in the third quarter worth about $240,000. Operose Advisors LLC grew its position in American Electric Power by 178.1% in the third quarter. Operose Advisors LLC now owns 1,001 shares of the company’s stock worth $75,000 after acquiring an additional 641 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in American Electric Power by 19.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 45,520 shares of the company’s stock worth $3,424,000 after acquiring an additional 7,279 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the completion of the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Electric Power Stock Performance

NASDAQ AEP traded down $0.10 on Friday, reaching $88.20. 418,245 shares of the company’s stock traded hands, compared to its average volume of 3,386,354. The firm has a market cap of $46.49 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.58 and a beta of 0.53. The stock has a 50 day moving average price of $88.72 and a 200-day moving average price of $84.08. 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 debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. Equities research analysts predict that American Electric Power Company, Inc. will post 5.58 EPS 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 given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.99%. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AEP shares. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays lifted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. BMO Capital Markets boosted their price objective on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Finally, Scotiabank boosted their price objective on shares of American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $88.62.

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.