American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,109 shares of the company’s stock after acquiring an additional 2,852 shares during the period. Arkadios Wealth Advisors’ holdings in American Electric Power were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in American Electric Power in the 1st quarter valued at about $40,000. Westwood Holdings Group Inc. purchased a new position in American Electric Power in the 1st quarter valued at about $211,000. Cibc World Market Inc. lifted its holdings in American Electric Power by 13.1% in the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock valued at $3,074,000 after purchasing an additional 3,558 shares in the last quarter. Sei Investments Co. lifted its holdings in American Electric Power by 17.7% in the 1st quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock valued at $20,569,000 after purchasing an additional 30,836 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in American Electric Power by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock valued at $3,643,000 after purchasing an additional 577 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of American Electric Power from $109.00 to $103.00 and set an “outperform” rating on the stock in a report on Thursday, March 2nd. StockNews.com started coverage on American Electric Power in a research note on Friday. They set a “hold” rating on the stock. Bank of America cut American Electric Power from a “buy” rating to a “neutral” rating and cut their target price for the company from $101.00 to $98.00 in a research note on Monday, December 19th. Wells Fargo & Company downgraded shares of American Electric Power from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $108.00 to $99.00 in a report on Wednesday, February 1st. Finally, Cfra boosted their price target on shares of American Electric Power from $93.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, February 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.83.

American Electric Power Stock Down 1.4 %

AEP stock traded down $1.31 during mid-day trading on Friday, reaching $90.70. The company had a trading volume of 8,072,277 shares, compared to its average volume of 2,929,044. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $91.43 and a two-hundred day simple moving average of $91.14. The company has a market capitalization of $46.61 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.81 and a beta of 0.44. American Electric Power Company, Inc. has a 52 week low of $80.30 and a 52 week high of $105.60.

American Electric Power (NASDAQ:AEP – Get Rating) last issued its earnings results on Thursday, February 23rd. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.26 billion. American Electric Power had a return on equity of 10.75% and a net margin of 11.77%. During the same period in the previous year, the company posted $0.98 EPS. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.26 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 10th were issued a $0.83 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $3.32 dividend on an annualized basis and a yield of 3.66%. American Electric Power’s payout ratio is presently 73.61%.

Insiders Place Their Bets

In other American Electric Power news, EVP David Matthew Feinberg sold 3,998 shares of the company’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $89.44, for a total value of $357,581.12. Following the sale, the executive vice president now owns 15,714 shares in the company, valued at approximately $1,405,460.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Greg B. Hall sold 884 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.99, for a total transaction of $80,435.16. Following the sale, the executive vice president now owns 7,331 shares in the company, valued at approximately $667,047.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Matthew Feinberg sold 3,998 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $89.44, for a total value of $357,581.12. Following the sale, the executive vice president now owns 15,714 shares in the company, valued at approximately $1,405,460.16. The disclosure for this sale can be found here. Insiders sold a total of 63,897 shares of company stock valued at $5,723,900 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Company Profile

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American Electric Power Co, Inc engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation and Marketing. The Vertically Integrated Utilities segment covers the generation, transmission, and distribution of electricity for sale to retail and wholesale customers.