American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 19.4% in the first quarter, Holdings Channel reports. The fund owned 3,564 shares of the company’s stock after selling 857 shares during the period. Fisher Asset Management LLC’s holdings in American Electric Power were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. American Research & Management Co. grew its holdings in shares of American Electric Power by 100.0% during the 1st quarter. American Research & Management Co. now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of American Electric Power by 1,288.9% during the 1st quarter. Center for Financial Planning Inc. now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in shares of American Electric Power during the 4th quarter worth $26,000. US Asset Management LLC purchased a new position in shares of American Electric Power during the 1st quarter worth $28,000. Finally, Rather & Kittrell Inc. purchased a new position in shares of American Electric Power during the 4th quarter worth $38,000. Institutional investors and hedge funds own 73.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AEP shares. Citigroup increased their price target on American Electric Power from $94.00 to $99.00 in a report on Thursday, July 28th. Credit Suisse Group increased their target price on American Electric Power from $103.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Finally, Morgan Stanley decreased their target price on American Electric Power from $113.00 to $101.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, American Electric Power currently has an average rating of “Moderate Buy” and an average price target of $102.67.

American Electric Power Price Performance

AEP stock opened at $99.46 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.66. The firm has a market capitalization of $51.10 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.23 and a beta of 0.35. The business’s 50-day moving average is $95.90 and its two-hundred day moving average is $95.93. American Electric Power Company, Inc. has a 1 year low of $80.22 and a 1 year high of $104.81.

American Electric Power (NASDAQ:AEPGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $3.98 billion. American Electric Power had a return on equity of 10.46% and a net margin of 14.39%. American Electric Power’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 5 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 9th. American Electric Power’s dividend payout ratio is currently 61.30%.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Therace Risch sold 5,330 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $102.35, for a total value of $545,525.50. Following the sale, the executive vice president now owns 8,248 shares of the company’s stock, valued at approximately $844,182.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Therace Risch sold 5,330 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $102.35, for a total value of $545,525.50. Following the transaction, the executive vice president now owns 8,248 shares in the company, valued at approximately $844,182.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Zebula sold 1,902 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $99.05, for a total value of $188,393.10. Following the completion of the transaction, the executive vice president now owns 18,134 shares in the company, valued at approximately $1,796,172.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

American Electric Power Company 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.

See Also

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)

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