American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 132,153 shares of the company’s stock after acquiring an additional 9,036 shares during the quarter. First Horizon Advisors Inc.’s holdings in American Electric Power were worth $11,757,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Arlington Partners LLC acquired a new position in American Electric Power in the fourth quarter valued at about $29,000. Future Financial Wealth Managment LLC acquired a new position in American Electric Power in the fourth quarter valued at about $39,000. Consolidated Planning Corp acquired a new position in American Electric Power in the third quarter valued at about $42,000. PYA Waltman Capital LLC purchased a new stake in American Electric Power during the fourth quarter worth about $44,000. Finally, Old North State Trust LLC increased its stake in American Electric Power by 38.8% during the fourth quarter. Old North State Trust LLC now owns 615 shares of the company’s stock worth $55,000 after purchasing an additional 172 shares during the period. 73.26% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Greg B. Hall sold 1,064 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $85.71, for a total transaction of $91,195.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Lisa M. Barton sold 6,989 shares of the stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $95.54, for a total value of $667,729.06. The disclosure for this sale can be found here. Insiders sold 33,352 shares of company stock valued at $3,138,718 over the last three months. Corporate insiders own 0.12% of the company’s stock.

A number of analysts have issued reports on the stock. Mizuho boosted their price target on shares of American Electric Power from $94.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, March 29th. Morgan Stanley upped their target price on shares of American Electric Power from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Seaport Res Ptn lowered shares of American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, March 14th. Royal Bank of Canada upped their target price on shares of American Electric Power from $101.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Finally, Credit Suisse Group initiated coverage on shares of American Electric Power in a research note on Monday, April 25th. They set an “outperform” rating and a $113.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Buy” and an average price target of $104.70.

AEP traded down $0.79 on Thursday, reaching $99.93. The company’s stock had a trading volume of 70,502 shares, compared to its average volume of 2,587,808. The stock has a 50 day moving average of $98.55 and a two-hundred day moving average of $90.74. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $51.32 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 3.35 and a beta of 0.34. American Electric Power Company, Inc. has a fifty-two week low of $80.22 and a fifty-two week high of $104.81.

American Electric Power (NASDAQ:AEPGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.22 earnings per share for the quarter, beating the 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 return on equity of 10.65% and a net margin of 15.34%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 earnings per share. As a group, 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. Stockholders of record on Tuesday, May 10th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend 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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