LVW Advisors LLC Acquires 3,535 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

LVW Advisors LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,658 shares of the company’s stock after buying an additional 3,535 shares during the quarter. LVW Advisors LLC’s holdings in American Electric Power were worth $1,004,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AEP. FMR LLC grew its stake in shares of American Electric Power by 24.8% in the third quarter. FMR LLC now owns 639,933 shares of the company’s stock worth $48,136,000 after purchasing an additional 127,047 shares during the last quarter. Dark Forest Capital Management LP increased its stake in shares of American Electric Power by 30.7% during the third quarter. Dark Forest Capital Management LP now owns 4,752 shares of the company’s stock valued at $357,000 after buying an additional 1,117 shares during the period. Algert Global LLC bought a new position in shares of American Electric Power during the third quarter valued at approximately $240,000. Mutual Advisors LLC lifted its stake in American Electric Power by 12.7% in the third quarter. Mutual Advisors LLC now owns 8,720 shares of the company’s stock worth $656,000 after acquiring an additional 982 shares during the period. Finally, Vinva Investment Management Ltd boosted its holdings in American Electric Power by 4.9% in the third quarter. Vinva Investment Management Ltd now owns 3,448 shares of the company’s stock valued at $257,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.6 %

American Electric Power stock opened at $87.74 on Monday. The business has a 50-day simple moving average of $88.79 and a two-hundred day simple moving average of $84.16. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $93.44. 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 $46.25 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.60 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors 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 yield of 4.01%. American Electric Power’s dividend payout ratio is currently 65.31%.

Insider Activity at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction that occurred 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 transaction of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were 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 disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AEP. Wells Fargo & Company lifted their target price 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. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and upped their price target for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Morgan Stanley decreased their price objective on American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Finally, BMO Capital Markets boosted their target price 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. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $88.62.

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.