Sivia Capital Partners LLC Invests $214,000 in American Electric Power Company, Inc. (NASDAQ:AEP)

Sivia Capital Partners LLC purchased a new position in American Electric Power Company, Inc. (NASDAQ:AEP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,960 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Safeguard Investment Advisory Group LLC boosted its stake in American Electric Power by 4.3% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company’s stock worth $223,000 after purchasing an additional 100 shares during the last quarter. Marcum Wealth LLC boosted its position in American Electric Power by 3.0% during the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company’s stock worth $379,000 after acquiring an additional 101 shares during the last quarter. SouthState Corp boosted its holdings in shares of American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after purchasing an additional 102 shares during the last quarter. Ascent Group LLC boosted its holdings in shares of American Electric Power by 0.4% during the 4th quarter. Ascent Group LLC now owns 27,889 shares of the company’s stock worth $2,572,000 after purchasing an additional 102 shares during the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in shares of American Electric Power by 2.3% during the 4th quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock worth $418,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.0%

NASDAQ AEP opened at $101.79 on Monday. The firm’s 50-day moving average is $104.43 and its two-hundred day moving average is $101.02. American Electric Power Company, Inc. has a 12 month low of $85.93 and a 12 month high of $110.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The stock has a market capitalization of $54.38 billion, a P/E ratio of 18.18, a PEG ratio of 2.97 and a beta of 0.42.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the business posted $1.27 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 yield of 3.65%. The ex-dividend date of this dividend is Friday, May 9th. American Electric Power’s payout ratio is 71.68%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AEP shares. Wells Fargo & Company boosted their price objective on American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 7th. Guggenheim boosted their price objective on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Bank of America boosted their price target 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. Barclays boosted their price target 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. Finally, Morgan Stanley lowered their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $107.75.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the sale, the executive vice president now directly owns 26,298 shares in the company, valued at $2,707,116.12. This represents a 23.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the sale, the executive vice president now owns 9,658 shares in the company, valued at approximately $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.

American Electric Power 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.