American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,288 shares of the company’s stock after acquiring an additional 136 shares during the period. Kingsview Wealth Management LLC’s holdings in American Electric Power were worth $1,144,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hodges Capital Management Inc. purchased a new position in American Electric Power in the first quarter valued at approximately $1,615,000. Rockline Wealth Management LLC purchased a new position in American Electric Power in the fourth quarter valued at approximately $1,982,000. Quantbot Technologies LP purchased a new position in American Electric Power in the first quarter valued at approximately $1,731,000. Nordea Investment Management AB raised its holdings in American Electric Power by 381.9% in the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after buying an additional 1,581,734 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in American Electric Power by 28.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after buying an additional 11,065 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

American Electric Power stock traded down $0.35 during mid-day trading on Friday, reaching $93.14. The company’s stock had a trading volume of 1,508,827 shares, compared to its average volume of 3,270,610. The firm has a market cap of $49.10 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.77 and a beta of 0.53. The business has a 50 day moving average price of $89.31 and a 200-day moving average price of $84.93. 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 twelve month low of $69.38 and a twelve month high of $94.72.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The firm 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 revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Morgan Stanley dropped their price objective on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Scotiabank lifted 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 research note on Wednesday, May 1st. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.62.

Insiders Place Their Bets

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the business’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 sale, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the business’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 sale, 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 SEC, which is available through this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

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.