7,307 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,307 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds have also made changes to their positions in the company. Algert Global LLC bought a new stake in American Electric Power during the 3rd quarter valued at $240,000. Insigneo Advisory Services LLC bought a new stake in American Electric Power during the 3rd quarter valued at $229,000. Axxcess Wealth Management LLC raised its stake in American Electric Power by 26.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 28,393 shares of the company’s stock valued at $2,136,000 after acquiring an additional 5,868 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in American Electric Power during the 3rd quarter valued at $8,440,000. Finally, Lido Advisors LLC raised its stake in American Electric Power by 2.8% during the 3rd quarter. Lido Advisors LLC now owns 9,232 shares of the company’s stock valued at $694,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction that occurred on 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 directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

American Electric Power Stock Down 0.1 %

Shares of AEP traded down $0.06 during trading hours on Thursday, hitting $87.56. 1,154,376 shares of the company were exchanged, compared to its average volume of 2,361,756. The company has a market cap of $46.15 billion, a PE ratio of 16.24, a PEG ratio of 2.59 and a beta of 0.53. The firm’s 50 day moving average is $88.90 and its 200-day moving average is $84.25. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 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 released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company posted $1.11 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AEP shares. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and lifted their price target for the company from $73.00 to $86.00 in a research report on Thursday, June 6th. Royal Bank of Canada lifted their price target on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Scotiabank lifted their target price on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.