Verdence Capital Advisors LLC Has $1.73 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Verdence Capital Advisors LLC reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,859 shares of the company’s stock after selling 603 shares during the period. Verdence Capital Advisors LLC’s holdings in American Electric Power were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of American Electric Power by 11.5% in the fourth quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after buying an additional 1,095 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth approximately $149,000. Corient Private Wealth LLC grew its stake in American Electric Power by 201.6% in the 4th quarter. Corient Private Wealth LLC now owns 153,142 shares of the company’s stock valued at $14,124,000 after buying an additional 303,916 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of American Electric Power by 7.4% during the 4th quarter. Harbour Investments Inc. now owns 9,917 shares of the company’s stock worth $915,000 after acquiring an additional 687 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in American Electric Power by 3.6% in the fourth quarter. Signaturefd LLC now owns 9,854 shares of the company’s stock worth $909,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the transaction, the executive vice president directly owned 9,658 shares in the company, valued at approximately $991,683.44. The trade was a 51.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,314 shares of company stock worth $3,508,293. 0.07% of the stock is owned by insiders.

American Electric Power Stock Performance

AEP stock opened at $105.93 on Friday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $110.48. The stock’s fifty day moving average price is $102.86 and its 200-day moving average price is $102.61. The company has a market cap of $56.59 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.42 and a quick ratio of 0.31.

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 analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. American Electric Power’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a yield of 3.51%. American Electric Power’s dividend payout ratio is presently 71.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AEP. Guggenheim increased their price objective on shares of American Electric Power from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Raymond James Financial initiated coverage on American Electric Power in a research report on Friday, June 13th. They set an “outperform” rating and a $115.00 target price for the company. Wells Fargo & Company upped 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 research report on Wednesday, May 7th. UBS Group upped their price target on shares of American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a research note on Friday, June 6th. Finally, Barclays increased their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the stock 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 issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.31.

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.