Impact Capital Partners LLC Increases Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Impact Capital Partners LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,317 shares of the company’s stock after acquiring an additional 122 shares during the quarter. Impact Capital Partners LLC’s holdings in American Electric Power were worth $909,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power in the fourth quarter worth about $35,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth approximately $35,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.0%

Shares of AEP stock opened at $101.79 on Friday. American Electric Power Company, Inc. has a 52-week low of $85.93 and a 52-week 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 company has a 50-day simple moving average of $104.43 and a two-hundred day simple moving average of $100.97. The company has a market capitalization of $54.38 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.97 and a beta of 0.42.

American Electric Power (NASDAQ:AEP) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $5.33 billion. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th will be paid a $0.93 dividend. 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 dividend payout ratio is presently 71.68%.

Analyst Ratings Changes

AEP has been the topic of several recent research reports. UBS Group raised their price objective on shares of American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Bank of America upped their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Guggenheim boosted their price objective on American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and a consensus price target of $107.75.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 8,057 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total value of $829,387.58. Following the sale, the executive vice president now owns 26,298 shares of the company’s stock, valued at $2,707,116.12. This trade represents a 23.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Quinton S. Lies sold 10,141 shares of the firm’s 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 sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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