American Electric Power Company Inc (NYSE:AEP) insider Lisa M. Barton sold 881 shares of American Electric Power stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $77.55, for a total transaction of $68,321.55. Following the sale, the insider now owns 581 shares of the company’s stock, valued at $45,056.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of AEP traded down $1.90 during mid-day trading on Wednesday, reaching $75.92. The company’s stock had a trading volume of 259,022 shares, compared to its average volume of 3,278,308. The firm has a market cap of $38.18 billion and a price-to-earnings ratio of 20.64. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.46 and a current ratio of 0.56. American Electric Power Company Inc has a 52 week low of $62.71 and a 52 week high of $78.47.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.26 billion. American Electric Power had a net margin of 12.14% and a return on equity of 10.78%. During the same period in the previous year, the business posted $1.10 EPS. As a group, equities research analysts predict that American Electric Power Company Inc will post 3.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, November 8th. American Electric Power’s payout ratio is presently 72.83%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Wednesday. Scotiabank assumed coverage on shares of American Electric Power in a research report on Tuesday, July 24th. They set a “hold” rating and a $72.00 target price for the company. Mizuho reiterated a “buy” rating and set a $74.50 target price on shares of American Electric Power in a research report on Friday, July 27th. Howard Weil assumed coverage on shares of American Electric Power in a research report on Tuesday, July 24th. They set a “sector perform” rating and a $72.00 target price for the company. Finally, Barclays lifted their target price on shares of American Electric Power from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.62.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of American Electric Power by 0.5% in the 3rd quarter. BlackRock Inc. now owns 35,301,165 shares of the utilities provider’s stock worth $2,502,146,000 after acquiring an additional 164,878 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of American Electric Power by 9.1% in the 3rd quarter. Capital Research Global Investors now owns 18,496,658 shares of the utilities provider’s stock worth $1,311,043,000 after acquiring an additional 1,548,554 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of American Electric Power by 1.9% in the 3rd quarter. Alliancebernstein L.P. now owns 6,469,015 shares of the utilities provider’s stock worth $458,524,000 after acquiring an additional 122,077 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of American Electric Power by 7.4% in the 3rd quarter. Renaissance Technologies LLC now owns 5,641,500 shares of the utilities provider’s stock worth $399,870,000 after acquiring an additional 387,700 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of American Electric Power by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,536,015 shares of the utilities provider’s stock worth $392,393,000 after acquiring an additional 64,801 shares during the last quarter. Hedge funds and other institutional investors own 72.55% of the company’s stock.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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