PFG Advisors Has $441,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

PFG Advisors boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,125 shares of the company’s stock after purchasing an additional 250 shares during the quarter. PFG Advisors’ holdings in American Electric Power were worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power in the 4th quarter valued at approximately $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at approximately $27,000. YHB Investment Advisors Inc. bought a new stake in shares of American Electric Power during the 1st quarter valued at approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of American Electric Power during the 4th quarter valued at approximately $32,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Trading Up 0.1 %

AEP traded up $0.12 during trading on Friday, reaching $90.96. 2,431,778 shares of the company’s stock were exchanged, compared to its average volume of 2,145,226. The firm has a fifty day moving average price of $89.11 and a two-hundred day moving average price of $84.61. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $93.44. The stock has a market capitalization of $47.95 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 earnings per share 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. Stockholders of record on Friday, May 10th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 65.31%.

Insider Activity

In related news, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The shares were 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 in the company, valued at approximately $563,476.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The shares were 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 in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AEP. Barclays lifted their price target on shares of American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Scotiabank lifted their price target 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. BMO Capital Markets lifted their price target 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. Morgan Stanley decreased their price target on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 24th. Finally, LADENBURG THALM/SH SH raised shares of 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 report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $88.62.

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.