Regentatlantic Capital LLC Raises Position in American Electric Power Company Inc (NYSE:AEP)

Regentatlantic Capital LLC boosted its stake in American Electric Power Company Inc (NYSE:AEP) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,651 shares of the utilities provider’s stock after buying an additional 371 shares during the quarter. Regentatlantic Capital LLC’s holdings in American Electric Power were worth $2,082,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AEP. Dimensional Fund Advisors LP grew its holdings in shares of American Electric Power by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 954,396 shares of the utilities provider’s stock worth $71,331,000 after purchasing an additional 58,389 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of American Electric Power by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 5,942,257 shares of the utilities provider’s stock worth $443,292,000 after purchasing an additional 438,632 shares during the last quarter. FMR LLC grew its holdings in shares of American Electric Power by 21.7% during the fourth quarter. FMR LLC now owns 1,959,090 shares of the utilities provider’s stock worth $146,422,000 after purchasing an additional 349,342 shares during the last quarter. Actinver Wealth Management Inc. bought a new stake in shares of American Electric Power during the fourth quarter worth about $218,000. Finally, American Century Companies Inc. grew its holdings in shares of American Electric Power by 83.1% during the fourth quarter. American Century Companies Inc. now owns 189,148 shares of the utilities provider’s stock worth $14,137,000 after purchasing an additional 85,849 shares during the last quarter. 73.52% of the stock is currently owned by hedge funds and other institutional investors.

In other American Electric Power news, insider Mark C. Mccullough sold 1,503 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $85.81, for a total value of $128,972.43. Following the transaction, the insider now directly owns 8,296 shares of the company’s stock, valued at $711,879.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian X. Tierney sold 4,392 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total value of $377,799.84. Following the completion of the transaction, the vice president now directly owns 39,449 shares in the company, valued at $3,393,402.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,943 shares of company stock worth $1,564,911. Insiders own 0.16% of the company’s stock.

Shares of American Electric Power stock traded down $0.11 during midday trading on Friday, reaching $88.70. The company had a trading volume of 1,984,222 shares, compared to its average volume of 1,663,260. The stock’s fifty day moving average is $89.86. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.76 and a beta of 0.13. American Electric Power Company Inc has a fifty-two week low of $68.92 and a fifty-two week high of $91.99.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $4.13 billion. American Electric Power had a return on equity of 10.69% and a net margin of 12.53%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. Research analysts forecast that American Electric Power Company Inc will post 4.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

AEP has been the topic of a number of recent analyst reports. Wells Fargo & Co lifted their price objective on American Electric Power from $89.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Bank of America reaffirmed a “buy” rating and issued a $98.00 price objective (up from $93.00) on shares of American Electric Power in a research note on Tuesday, July 9th. Wolfe Research set a $89.00 price objective on American Electric Power and gave the stock a “buy” rating in a research note on Friday, April 26th. KeyCorp initiated coverage on American Electric Power in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Morgan Stanley lifted their price objective on American Electric Power from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, June 14th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $87.45.

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.

Read More: What is the Current Ratio?

Institutional Ownership by Quarter for American Electric Power (NYSE: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.