Lynx Investment Advisory Acquires Shares of 725 American Electric Power Company, Inc. (NASDAQ:AEP)

Lynx Investment Advisory acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 725 shares of the company’s stock, valued at approximately $64,000.

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

American Electric Power Stock Up 1.2 %

NASDAQ:AEP traded up $1.17 on Wednesday, hitting $99.46. The stock had a trading volume of 1,240,579 shares, compared to its average volume of 3,282,854. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $104.41. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The business’s fifty day moving average is $90.86 and its 200 day moving average is $86.37. The company has a market cap of $52.43 billion, a PE ratio of 18.56, a P/E/G ratio of 2.92 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.54%. American Electric Power’s dividend payout ratio is presently 65.31%.

Insider Activity at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the completion of the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at $580,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Therace Risch 5,274 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AEP shares. Barclays boosted their price objective on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Bank of America cut American Electric Power from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $96.00 to $97.00 in a research note on Tuesday. BMO Capital Markets raised their target price on American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank raised their target price on American Electric Power from $90.00 to $99.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $93.38.

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.