Capital Advisors Ltd. LLC Has $75,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Advisors Ltd. LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 27.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 869 shares of the company’s stock after purchasing an additional 187 shares during the period. Capital Advisors Ltd. LLC’s holdings in American Electric Power were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Apella Capital LLC bought a new position in shares of American Electric Power in the 4th quarter valued at about $348,000. Hodges Capital Management Inc. acquired a new position in shares of American Electric Power during the 1st quarter worth approximately $1,615,000. Rockline Wealth Management LLC acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $1,982,000. Nisa Investment Advisors LLC raised its stake in shares of American Electric Power by 28.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after purchasing an additional 11,065 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of American Electric Power by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock valued at $5,115,000 after buying an additional 16,225 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Greg B. Hall sold 5,880 shares of American Electric Power 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 sale, the executive vice president now directly owns 6,385 shares of the company’s stock, valued at $563,476.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Antonio P. Smyth sold 4,898 shares of the 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 sale, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following 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. Insiders own 0.12% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $87.62 on Wednesday. The business’s 50-day moving average price is $88.88 and its two-hundred day moving average price is $84.23. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month 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 stock has a market cap of $46.19 billion, a PE ratio of 16.26, a P/E/G ratio of 2.60 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 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 business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were given a dividend of $0.88 per share. 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 4.02%. American Electric Power’s dividend payout ratio is currently 65.31%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AEP shares. Morgan Stanley lowered their target price on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 24th. Scotiabank upped their target price on shares of American Electric Power from $86.00 to $90.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets raised their target price on shares of American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Wells Fargo & Company raised their target price on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Finally, LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their price target for the company from $73.00 to $86.00 in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.