American Electric Power Company, Inc. (NASDAQ:AEP) Stock Position Lifted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,394 shares of the company’s stock after acquiring an additional 1,712 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in American Electric Power were worth $1,512,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. PharVision Advisers LLC bought a new position in American Electric Power in the fourth quarter worth about $698,000. Waverly Advisors LLC raised its position in shares of American Electric Power by 56.6% during the 4th quarter. Waverly Advisors LLC now owns 11,617 shares of the company’s stock worth $1,071,000 after purchasing an additional 4,198 shares during the period. Worldquant Millennium Advisors LLC raised its position in shares of American Electric Power by 721.9% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 737,143 shares of the company’s stock worth $67,987,000 after purchasing an additional 647,453 shares during the period. Williams Jones Wealth Management LLC. lifted its holdings in shares of American Electric Power by 6.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 2,177 shares of the company’s stock worth $201,000 after purchasing an additional 125 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in American Electric Power during the 4th quarter valued at approximately $2,950,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

NASDAQ AEP opened at $101.80 on Friday. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48. The firm has a market capitalization of $54.38 billion, a PE ratio of 18.18, a P/E/G ratio of 2.97 and a beta of 0.45. The company’s 50 day simple moving average is $105.15 and its 200 day simple moving average is $100.46. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The company had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 71.68%.

Analyst Ratings Changes

AEP has been the topic of several analyst reports. Wells Fargo & Company increased their target price on American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Guggenheim upped their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Bank of America increased their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets boosted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Finally, Citigroup upped their target price on shares of American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average target price of $105.69.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the transaction, the executive vice president now owns 9,658 shares of the company’s stock, valued at approximately $991,683.44. This represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.

American Electric Power 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.