7,572 Shares in American Electric Power Company, Inc. (NASDAQ:AEP) Purchased by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,572 shares of the company’s stock, valued at approximately $698,000. American Electric Power accounts for approximately 0.6% of PharVision Advisers LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC lifted its holdings in American Electric Power by 4.3% in the 4th quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company’s stock worth $223,000 after buying an additional 100 shares during the period. SouthState Corp lifted its stake in American Electric Power by 1.6% in the fourth quarter. SouthState Corp now owns 6,611 shares of the company’s stock worth $610,000 after acquiring an additional 102 shares during the period. Dark Forest Capital Management LP lifted its stake in American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company’s stock worth $418,000 after acquiring an additional 103 shares during the period. Albion Financial Group UT boosted its holdings in American Electric Power by 0.9% in the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company’s stock valued at $1,119,000 after acquiring an additional 112 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company’s stock valued at $103,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Guggenheim raised their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. BMO Capital Markets upped their target price on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Barclays raised their target price on American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Finally, Citigroup upped their price target on American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $105.77.

American Electric Power Stock Down 0.0%

Shares of American Electric Power stock opened at $103.73 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $85.93 and a twelve month high of $110.48. The company has a market cap of $55.41 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company’s 50 day moving average is $105.29 and its 200 day moving average is $100.42.

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

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend 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.