Sanibel Captiva Trust Company Inc. Buys 187 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Sanibel Captiva Trust Company Inc. lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,537 shares of the company’s stock after acquiring an additional 187 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in American Electric Power were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $26,000. Denali Advisors LLC purchased a new stake in American Electric Power during the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new stake in American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the 1st quarter valued at approximately $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Electric Power in the 4th quarter valued at $32,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP traded up $1.04 on Wednesday, hitting $98.68. 302,412 shares of the company traded hands, compared to its average volume of 3,256,212. The company has a 50 day moving average of $92.60 and a 200-day moving average of $87.74. 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 stock has a market capitalization of $52.02 billion, a PE ratio of 18.12, a PEG ratio of 2.92 and a beta of 0.53. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $104.41.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, July 30th. The company reported $1.25 EPS 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 firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, August 9th. American Electric Power’s payout ratio is 65.31%.

Insider Transactions at American Electric Power

In other news, EVP Greg B. Hall sold 5,880 shares of American Electric Power 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 directly owns 6,385 shares of the company’s stock, valued at $563,476.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction dated 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 directly owns 6,385 shares in the company, valued at $563,476.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power 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 completion of the transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at $580,140. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. 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. Bank of America lowered shares of American Electric Power from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $96.00 to $97.00 in a research note on Tuesday, August 6th. Scotiabank boosted their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday. Finally, BMO Capital Markets upped their price target on shares of American Electric Power from $100.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.08.

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.