111 Capital Acquires Shares of 3,761 American Electric Power Company, Inc. (NASDAQ:AEP)

111 Capital acquired a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,761 shares of the company’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thoma Capital Management LLC bought a new position in American Electric Power in the 4th quarter valued at approximately $743,000. NorthCrest Asset Manangement LLC raised its holdings in American Electric Power by 0.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 23,207 shares of the company’s stock valued at $2,140,000 after buying an additional 158 shares during the last quarter. Anchor Pointe Wealth Management LLC bought a new position in American Electric Power in the 4th quarter valued at approximately $229,000. SpringVest Wealth Management LLC bought a new position in American Electric Power in the 4th quarter valued at approximately $3,204,000. Finally, Aegis Wealth Management LLC bought a new position in American Electric Power in the 4th quarter valued at approximately $281,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Up 0.8%

Shares of AEP opened at $102.53 on Friday. The firm has a market cap of $54.77 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.97 and a beta of 0.45. The stock has a 50 day simple moving average of $104.87 and a two-hundred day simple moving average of $100.66. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48.

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

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, May 9th. American Electric Power’s dividend payout ratio is currently 71.68%.

Insider Activity

In related news, EVP Quinton S. Lies sold 10,141 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 9,658 shares of the company’s stock, valued at $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AEP shares. Guggenheim raised their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Bank of America raised their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Barclays raised their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. BMO Capital Markets raised their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of American Electric Power from $107.00 to $114.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.69.

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.