GWM Advisors LLC boosted its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,245 shares of the utilities provider’s stock after buying an additional 4,258 shares during the quarter. GWM Advisors LLC’s holdings in American Electric Power were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEP. Legacy Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at about $25,000. Sageworth Trust Co raised its holdings in shares of American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 267 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at about $28,000. Capital Financial Planning LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $26,000. Finally, Claybrook Capital LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at about $27,000. Institutional investors own 72.63% of the company’s stock.

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of American Electric Power from $87.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. UBS Group boosted their price target on shares of American Electric Power from $89.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Co boosted their price target on shares of American Electric Power from $89.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Goldman Sachs Group lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Monday, April 8th. Finally, Zacks Investment Research upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.80.

In other American Electric Power news, VP Brian X. Tierney sold 4,392 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total transaction of $377,799.84. Following the sale, the vice president now owns 39,449 shares of the company’s stock, valued at approximately $3,393,402.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas K. Akins sold 11,152 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $84.94, for a total transaction of $947,250.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,885 shares of company stock valued at $1,955,499. 0.16% of the stock is currently owned by company insiders.

NYSE AEP opened at $88.29 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.49 and a quick ratio of 0.37. The company has a market cap of $42.72 billion, a P/E ratio of 22.35, a PEG ratio of 3.72 and a beta of 0.17. American Electric Power Company Inc has a 52 week low of $62.71 and a 52 week high of $89.01.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.10 by $0.09. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.23 billion. American Electric Power had a net margin of 12.64% and a return on equity of 10.81%. American Electric Power’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Research analysts forecast that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.04%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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