American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,612 shares of the company’s stock after selling 239 shares during the period. Kingswood Wealth Advisors LLC’s holdings in American Electric Power were worth $311,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. F&V Capital Management LLC increased its position in American Electric Power by 1.6% during the first quarter. F&V Capital Management LLC now owns 124,625 shares of the company’s stock worth $10,730,000 after buying an additional 1,920 shares during the period. Riverview Trust Co acquired a new position in American Electric Power during the first quarter worth approximately $62,000. Strategic Planning Group LLC increased its position in American Electric Power by 18.9% during the first quarter. Strategic Planning Group LLC now owns 15,137 shares of the company’s stock worth $1,303,000 after buying an additional 2,403 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its position in American Electric Power by 0.4% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 147,219 shares of the company’s stock worth $12,206,000 after buying an additional 630 shares during the period. Finally, Navalign LLC increased its position in American Electric Power by 6.0% during the first quarter. Navalign LLC now owns 9,062 shares of the company’s stock worth $780,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEP shares. BMO Capital Markets lifted their price target on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Morgan Stanley lowered their target price on American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. Wells Fargo & Company lifted their target price on 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. Finally, Royal Bank of Canada lifted their target price on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.62.

Insider Transactions at American Electric Power

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 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 $580,140. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction 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 in the company, valued at $580,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the company’s 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 owns 6,385 shares of the company’s stock, valued at $563,476.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Electric Power Stock Performance

Shares of AEP stock opened at $87.74 on Friday. The stock has a fifty day moving average price of $88.79 and a 200 day moving average price of $84.13. The stock has a market cap of $46.25 billion, a PE ratio of 16.28, a P/E/G ratio of 2.58 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 debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54.

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

American Electric Power Dividend Announcement

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 was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. American Electric Power’s dividend payout ratio (DPR) 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.