Trust Point Inc. Lowers Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Trust Point Inc. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,280 shares of the company’s stock after selling 110 shares during the period. Trust Point Inc.’s holdings in American Electric Power were worth $358,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of American Electric Power during the fourth quarter worth about $28,000. Bank of New Hampshire purchased a new position in American Electric Power during the first quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC acquired a new stake in American Electric Power in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

American Electric Power stock opened at $101.62 on Wednesday. The firm has a market capitalization of $54.29 billion, a PE ratio of 19.58, a P/E/G ratio of 2.71 and a beta of 0.42. American Electric Power Company, Inc. has a 52 week low of $85.93 and a 52 week high of $110.48. The firm’s 50-day simple moving average is $104.17 and its 200 day simple moving average is $101.15. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power’s payout ratio is currently 71.68%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their target price on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Morgan Stanley dropped their price objective on American Electric Power from $114.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. UBS Group raised their target price on American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a report on Friday, June 6th. Wells Fargo & Company boosted their target price 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. Finally, Citigroup upped their price target on shares of American Electric Power from $102.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, American Electric Power has a consensus rating of “Hold” and a consensus target price of $108.31.

Insider Buying and Selling at American Electric Power

In related news, EVP David Matthew Feinberg sold 8,057 shares of American Electric Power stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the sale, the executive vice president now owns 26,298 shares in the company, valued at approximately $2,707,116.12. This trade represents a 23.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the company’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 completion of the transaction, the executive vice president now owns 9,658 shares in the company, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,256 shares of company stock worth $2,688,472. 0.07% of the stock is owned by insiders.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.