Motco Raises Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Motco boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 72,559 shares of the company’s stock after buying an additional 1,077 shares during the period. Motco’s holdings in American Electric Power were worth $6,456,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Arlington Partners LLC purchased a new stake in American Electric Power in the 4th quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at about $39,000. PYA Waltman Capital LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at about $44,000. Consolidated Planning Corp purchased a new position in shares of American Electric Power during the third quarter valued at about $42,000. Finally, Old North State Trust LLC grew its position in shares of American Electric Power by 38.8% during the fourth quarter. Old North State Trust LLC now owns 615 shares of the company’s stock valued at $55,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

A number of research analysts have recently weighed in on AEP shares. Credit Suisse Group started coverage on American Electric Power in a research report on Monday, April 25th. They set an “outperform” rating and a $113.00 price objective for the company. Morgan Stanley raised their price objective on American Electric Power from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Seaport Res Ptn lowered American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, March 14th. StockNews.com started coverage on American Electric Power in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $93.00 to $101.00 in a research report on Monday, February 28th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Buy” and a consensus price target of $104.70.

In other American Electric Power news, EVP Greg B. Hall sold 1,064 shares of American Electric Power stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $85.71, for a total value of $91,195.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nicholas K. Akins sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $89.91, for a total transaction of $188,811.00. The disclosure for this sale can be found here. In the last three months, insiders sold 32,562 shares of company stock valued at $3,040,061. 0.12% of the stock is owned by insiders.

AEP traded down $3.32 on Friday, hitting $99.11. The company had a trading volume of 3,589,159 shares, compared to its average volume of 2,498,594. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.38. The company has a market cap of $50.01 billion, a PE ratio of 18.95, a PEG ratio of 3.46 and a beta of 0.35. American Electric Power Company, Inc. has a 12-month low of $80.22 and a 12-month high of $104.81. The business’s fifty day simple moving average is $97.94 and its 200 day simple moving average is $90.38.

American Electric Power (NASDAQ:AEPGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.37 billion. American Electric Power had a net margin of 14.80% and a return on equity of 10.78%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts anticipate that American Electric Power Company, Inc. will post 4.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, May 9th. American Electric Power’s payout ratio is currently 59.66%.

American Electric Power Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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