Quadrature Capital Ltd Purchases New Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Quadrature Capital Ltd purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,889 shares of the company’s stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Frazier Financial Advisors LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $26,000. Wetzel Investment Advisors Inc. bought a new stake in shares of American Electric Power during the 4th quarter worth $32,000. GoalVest Advisory LLC lifted its holdings in shares of American Electric Power by 304.8% during the 4th quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock worth $35,000 after acquiring an additional 320 shares during the last quarter. Northwest Financial Advisors bought a new stake in shares of American Electric Power during the 4th quarter worth $41,000. Finally, United Community Bank bought a new stake in shares of American Electric Power during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction 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 of the company’s stock, valued at approximately $563,476.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power 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 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 insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Cfra reissued a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Barclays boosted their price objective on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, Wells Fargo & Company upped their target price on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $88.92.

American Electric Power Stock Down 0.9 %

Shares of AEP stock opened at $87.05 on Friday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.44. The stock has a market cap of $45.89 billion, a P/E ratio of 16.15, a P/E/G ratio of 2.61 and a beta of 0.53. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $88.20 and a two-hundred day simple moving average of $83.87.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.25 by $0.02. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $0.88 per share. The ex-dividend date was Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 4.04%. American Electric Power’s payout ratio is 65.31%.

About American Electric Power

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.