NBC Securities Inc. Increases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

NBC Securities Inc. lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 111,500.0% in the first quarter, HoldingsChannel reports. The firm owned 8,928 shares of the company’s stock after buying an additional 8,920 shares during the period. NBC Securities Inc.’s holdings in American Electric Power were worth $975,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Safeguard Investment Advisory Group LLC grew its position in shares of American Electric Power by 4.3% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company’s stock worth $223,000 after acquiring an additional 100 shares during the last quarter. Marcum Wealth LLC grew its position in American Electric Power by 3.0% in the 1st quarter. Marcum Wealth LLC now owns 3,468 shares of the company’s stock valued at $379,000 after buying an additional 101 shares during the last quarter. SouthState Corp grew its position in American Electric Power by 1.6% in the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock valued at $610,000 after buying an additional 102 shares during the last quarter. Ascent Group LLC grew its position in American Electric Power by 0.4% in the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company’s stock valued at $2,572,000 after buying an additional 102 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its position in American Electric Power by 2.3% in the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock valued at $418,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the transaction, the executive vice president now owns 9,658 shares of the company’s stock, valued at $991,683.44. The trade was a 51.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. BMO Capital Markets lifted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Morgan Stanley lowered their price objective on shares of American Electric Power from $114.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Bank of America lifted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Barclays lifted their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.69.

American Electric Power Price Performance

American Electric Power stock opened at $102.83 on Wednesday. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44. The business has a fifty day moving average of $104.82 and a two-hundred day moving average of $100.89. The company has a market cap of $54.93 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.

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

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio (DPR) is presently 71.68%.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.