Kowal Investment Group LLC Purchases New Shares in American Electric Power Company, Inc. (NASDAQ:AEP)

Kowal Investment Group LLC purchased a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,409 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors have also made changes to their positions in the business. BKM Wealth Management LLC raised its holdings in American Electric Power by 35.0% during the 1st quarter. BKM Wealth Management LLC now owns 5,435 shares of the company’s stock worth $468,000 after purchasing an additional 1,410 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in American Electric Power by 151.7% during the 1st quarter. Aviance Capital Partners LLC now owns 7,135 shares of the company’s stock worth $614,000 after purchasing an additional 4,300 shares during the last quarter. Mirador Capital Partners LP raised its holdings in American Electric Power by 10.3% during the 1st quarter. Mirador Capital Partners LP now owns 9,397 shares of the company’s stock worth $809,000 after purchasing an additional 877 shares during the last quarter. LVW Advisors LLC raised its holdings in American Electric Power by 43.5% during the 1st quarter. LVW Advisors LLC now owns 11,658 shares of the company’s stock worth $1,004,000 after purchasing an additional 3,535 shares during the last quarter. Finally, Jeppson Wealth Management LLC raised its holdings in American Electric Power by 0.4% during the 1st quarter. Jeppson Wealth Management LLC now owns 37,976 shares of the company’s stock worth $3,270,000 after purchasing an additional 142 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American Electric Power Trading Down 0.5 %

NASDAQ AEP opened at $87.28 on Tuesday. The stock has a market capitalization of $46.01 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.60 and a beta of 0.53. The stock’s 50 day moving average price is $88.84 and its two-hundred day moving average price is $84.19. 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 Company, Inc. has a 52 week low of $69.38 and a 52 week high of $93.44.

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

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity at American Electric Power

In related news, EVP Greg B. Hall sold 5,880 shares of the 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 owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other American Electric Power 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 transaction, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley dropped 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. Barclays boosted their target price on 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. Scotiabank boosted their target price on 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. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.