Van Lanschot Kempen Investment Management N.V. Has $3.63 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Van Lanschot Kempen Investment Management N.V. lessened its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 49.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,369 shares of the company’s stock after selling 40,484 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in American Electric Power were worth $3,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEP. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $29,000. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded down $0.04 during trading on Friday, reaching $98.25. 3,530,580 shares of the company traded hands, compared to its average volume of 3,261,789. The company’s 50 day moving average is $93.21 and its two-hundred day moving average is $88.03. The firm has a market capitalization of $51.79 billion, a PE ratio of 18.23, a PEG ratio of 2.92 and a beta of 0.53. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $104.41.

American Electric Power (NASDAQ:AEP) last released 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. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. As a group, sell-side analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current 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 given a dividend of $0.88 per share. The ex-dividend date is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.58%. American Electric Power’s payout ratio is 65.31%.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Scotiabank lifted their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley lifted their target price on American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, American Electric Power has a consensus rating of “Hold” and an average target price of $94.69.

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.