International Assets Investment Management LLC Boosts Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

International Assets Investment Management LLC lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 24.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,055 shares of the company’s stock after buying an additional 793 shares during the period. International Assets Investment Management LLC’s holdings in American Electric Power were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. Wetzel Investment Advisors Inc. acquired a new stake in American Electric Power in the 4th quarter valued at approximately $32,000. GoalVest Advisory LLC raised its position in American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares during the period. Finally, Northwest Financial Advisors acquired a new position in American Electric Power during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AEP has been the topic of several research analyst reports. Cfra reiterated a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Barclays increased their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Royal Bank of Canada upped 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 raised shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their price target for the company from $73.00 to $86.00 in a research report on Thursday, June 6th. Finally, Morgan Stanley dropped their price target on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.62.

Insider Activity at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Greg B. Hall sold 5,880 shares of the company’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 sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were 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 approximately $580,140. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Electric Power Stock Down 1.4 %

AEP opened at $86.89 on Wednesday. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $93.44. The business has a 50 day moving average price of $88.49 and a two-hundred day moving average price of $84.03. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. The company has a market cap of $45.80 billion, a PE ratio of 16.12, a P/E/G ratio of 2.58 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results 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. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 earnings per share. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.05%. American Electric Power’s dividend payout ratio is presently 65.31%.

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.