BKM Wealth Management LLC Raises Position in American Electric Power Company, Inc. (NASDAQ:AEP)

BKM Wealth Management LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 35.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,435 shares of the company’s stock after purchasing an additional 1,410 shares during the quarter. BKM Wealth Management LLC’s holdings in American Electric Power were worth $468,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AEP. Personal CFO Solutions LLC grew its position in American Electric Power by 2.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after buying an additional 130 shares during the last quarter. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after buying an additional 131 shares during the last quarter. Southland Equity Partners LLC grew its position in American Electric Power by 4.2% in the first quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock worth $284,000 after buying an additional 133 shares during the last quarter. Hexagon Capital Partners LLC grew its position in American Electric Power by 2.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after buying an additional 135 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in American Electric Power by 1.0% in the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Electric Power Trading Down 0.5 %

Shares of NASDAQ:AEP opened at $87.28 on Tuesday. The firm has a market capitalization of $46.01 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. The firm has a fifty day moving average of $88.84 and a two-hundred day moving average of $84.19. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $93.44.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The business 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%. American Electric Power’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company 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 was Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.03%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

AEP has been the topic of several recent research reports. Scotiabank lifted their price target on shares of American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price objective 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. UBS Group lowered shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, BMO Capital Markets raised their price objective on shares of American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Hold” and an average target price of $88.62.

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.