Moody National Bank Trust Division Has $1.05 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Moody National Bank Trust Division lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,168 shares of the company’s stock after purchasing an additional 401 shares during the period. Moody National Bank Trust Division’s holdings in American Electric Power were worth $1,048,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Personal CFO Solutions LLC grew its stake in American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after buying an additional 130 shares during the last quarter. BLB&B Advisors LLC grew its stake in American Electric Power by 4.0% in the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after buying an additional 131 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after buying an additional 135 shares during the last quarter. CENTRAL TRUST Co grew its stake in American Electric Power by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after buying an additional 138 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC grew its stake in American Electric Power by 3.2% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 4,678 shares of the company’s stock valued at $380,000 after buying an additional 143 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were 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 approximately $563,476.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the 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 sale, 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.

American Electric Power Stock Performance

Shares of American Electric Power stock opened at $87.55 on Thursday. The company has a 50 day moving average of $87.91 and a 200-day moving average of $83.76. The company has a market cap of $46.15 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $93.44. 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 (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 earnings per share 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 4.02%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is currently 65.31%.

Analysts Set New Price Targets

A number of brokerages recently commented on AEP. Wells Fargo & Company upped their price target on shares of American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” 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 upped their price target for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. BMO Capital Markets boosted their price objective on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Finally, Morgan Stanley boosted their price objective on shares of American Electric Power from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $88.92.

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.