American Electric Power Company, Inc. (NASDAQ:AEP) is Allen Mooney & Barnes Investment Advisors LLC’s 8th Largest Position

Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,250 shares of the company’s stock after buying an additional 2,454 shares during the quarter. American Electric Power accounts for about 2.6% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 8th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in American Electric Power were worth $16,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its position in American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock worth $978,000 after buying an additional 1,095 shares during the last quarter. Empowered Funds LLC boosted its stake in American Electric Power by 0.5% during the fourth quarter. Empowered Funds LLC now owns 41,165 shares of the company’s stock worth $3,797,000 after buying an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power during the 4th quarter valued at approximately $35,000. Focus Financial Network Inc. raised its position in American Electric Power by 6.5% in the fourth quarter. Focus Financial Network Inc. now owns 4,842 shares of the company’s stock valued at $447,000 after purchasing an additional 295 shares during the period. Finally, Essex Financial Services Inc. raised its stake in shares of American Electric Power by 3.1% in the 4th quarter. Essex Financial Services Inc. now owns 6,305 shares of the company’s stock valued at $582,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.1%

Shares of AEP stock opened at $101.94 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market cap of $54.46 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.97 and a beta of 0.42. The business has a fifty day simple moving average of $104.11 and a 200-day simple moving average of $101.06. American Electric Power Company, Inc. has a fifty-two week low of $85.93 and a fifty-two week high of $110.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The business had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the company earned $1.27 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 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 Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power’s dividend payout ratio is presently 71.68%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Citigroup increased their price objective on American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their target price on American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. UBS Group lifted their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a research note on Friday, June 6th. Finally, Guggenheim increased their price target on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $107.75.

Insider Activity at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the sale, the executive vice president now owns 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Matthew Feinberg sold 8,057 shares of the 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 transaction, the executive vice president now owns 26,298 shares in the company, valued at approximately $2,707,116.12. The trade was a 23.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,256 shares of company stock valued at $2,688,472. Company insiders own 0.07% of the company’s stock.

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.