American Electric Power Company Inc (NYSE:AEP) VP Brian X. Tierney sold 4,392 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 39,449 shares of the company’s stock, valued at $3,393,402.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:AEP traded down $0.05 on Wednesday, hitting $85.51. 69,156 shares of the company’s stock were exchanged, compared to its average volume of 2,137,820. American Electric Power Company Inc has a 12 month low of $62.71 and a 12 month high of $86.54. The company has a market cap of $42.59 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 3.70 and a beta of 0.17. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.19.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.09. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.23 billion. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that American Electric Power Company Inc will post 4.13 EPS 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 issued a $0.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.13%. American Electric Power’s payout ratio is currently 67.85%.

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in American Electric Power by 24.0% in the third quarter. Morgan Stanley now owns 3,695,743 shares of the utilities provider’s stock valued at $261,954,000 after buying an additional 714,473 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd boosted its position in American Electric Power by 186.2% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 8,300 shares of the utilities provider’s stock valued at $695,000 after buying an additional 5,400 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in American Electric Power by 14.7% in the first quarter. Cetera Advisor Networks LLC now owns 26,278 shares of the utilities provider’s stock valued at $2,204,000 after buying an additional 3,377 shares during the last quarter. Commonwealth Bank of Australia boosted its position in American Electric Power by 124.6% in the fourth quarter. Commonwealth Bank of Australia now owns 3,681,416 shares of the utilities provider’s stock valued at $275,134,000 after buying an additional 2,042,518 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its holdings in American Electric Power by 1,778.1% in the first quarter. Orrstown Financial Services Inc. now owns 6,949 shares of the utilities provider’s stock valued at $582,000 after acquiring an additional 6,579 shares during the period. Hedge funds and other institutional investors own 73.99% of the company’s stock.

AEP has been the subject of a number of recent research reports. UBS Group raised their target price 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. Zacks Investment Research raised shares of American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, March 18th. Wolfe Research set a $89.00 target price on shares of American Electric Power and gave the company a “buy” rating in a report on Friday, April 26th. Morgan Stanley lowered shares of American Electric Power from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $86.00 to $83.20 in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. set a $78.00 target price on shares of American Electric Power and gave the company a “hold” rating in a report on Friday, January 25th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $81.33.

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

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