Headinvest LLC Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Headinvest LLC bought a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,288 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MQS Management LLC acquired a new stake in American Electric Power during the 4th quarter worth approximately $241,000. Geode Capital Management LLC increased its position in American Electric Power by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 8,498,401 shares of the company’s stock worth $753,951,000 after buying an additional 519,399 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of American Electric Power by 15.5% in the fourth quarter. Level Four Advisory Services LLC now owns 6,437 shares of the company’s stock valued at $573,000 after purchasing an additional 866 shares during the period. Eagle Asset Management Inc. grew its position in shares of American Electric Power by 0.3% in the fourth quarter. Eagle Asset Management Inc. now owns 90,353 shares of the company’s stock valued at $8,013,000 after purchasing an additional 241 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of American Electric Power by 360.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,300 shares of the company’s stock valued at $1,450,000 after purchasing an additional 12,757 shares during the period. Institutional investors own 73.26% of the company’s stock.

AEP has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on American Electric Power from $101.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Seaport Res Ptn downgraded American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, March 14th. Credit Suisse Group started coverage on American Electric Power in a research report on Monday, April 25th. They set an “outperform” rating and a $113.00 price objective for the company. Morgan Stanley increased their price objective on American Electric Power from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Finally, Mizuho boosted their target price on shares of American Electric Power from $94.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, March 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $104.70.

AEP traded up $0.66 during trading on Friday, hitting $99.70. The company had a trading volume of 2,925,603 shares, compared to its average volume of 2,965,463. The company has a market capitalization of $51.20 billion, a PE ratio of 19.06, a PEG ratio of 3.20 and a beta of 0.34. American Electric Power Company, Inc. has a one year low of $80.22 and a one year high of $104.81. The firm’s 50-day moving average price is $99.71 and its 200 day moving average price is $91.93. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.28.

American Electric Power (NASDAQ:AEPGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.37 billion. American Electric Power had a net margin of 15.34% and a return on equity of 10.65%. American Electric Power’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. Sell-side analysts forecast that American Electric Power Company, Inc. will post 5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Monday, May 9th. American Electric Power’s dividend payout ratio is 59.66%.

In related news, insider Jospeh M. Buonaiuto sold 5,200 shares of the stock in a transaction on Friday, March 4th. The shares were sold at an average price of $95.75, for a total transaction of $497,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Julia A. Sloat sold 1,803 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $100.15, for a total transaction of $180,570.45. Following the transaction, the chief financial officer now directly owns 34,871 shares in the company, valued at $3,492,330.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,526 shares of company stock valued at $4,257,794. 0.12% of the stock is owned by corporate insiders.

American Electric Power Profile (Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEPGet Rating).

Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.