American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 6.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,517 shares of the company’s stock after acquiring an additional 2,187 shares during the period. BerganKDV Wealth Management LLC’s holdings in American Electric Power were worth $3,743,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC acquired a new position in shares of American Electric Power during the fourth quarter worth $1,066,000. Robeco Institutional Asset Management B.V. boosted its position in shares of American Electric Power by 16.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,525 shares of the company’s stock worth $848,000 after acquiring an additional 1,371 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of American Electric Power by 11.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,244 shares of the company’s stock valued at $289,000 after acquiring an additional 321 shares during the last quarter. Fifth Third Bancorp raised its position in shares of American Electric Power by 0.6% during the 4th quarter. Fifth Third Bancorp now owns 124,152 shares of the company’s stock worth $11,046,000 after acquiring an additional 734 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in American Electric Power by 0.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 842,963 shares of the company’s stock worth $74,626,000 after purchasing an additional 2,468 shares during the last quarter. 73.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

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

American Electric Power Stock Performance

AEP stock traded down $0.49 on Friday, hitting $99.46. The company’s stock had a trading volume of 2,699,261 shares, compared to its average volume of 2,476,944. The stock has a market cap of $51.10 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 3.23 and a beta of 0.35. The firm has a 50 day moving average of $95.90 and a two-hundred day moving average of $95.93. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.36. 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 announced its earnings results on Wednesday, July 27th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $3.98 billion. American Electric Power had a net margin of 14.39% and a return on equity of 10.46%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Equities analysts predict that American Electric Power Company, Inc. will post 5 EPS for the current fiscal year.

American Electric Power Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AEP. Credit Suisse Group raised their price objective on shares of American Electric Power from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Morgan Stanley cut their price target on shares of 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. Finally, Citigroup upped their price objective on shares of American Electric Power from $94.00 to $99.00 in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.67.

About American Electric Power

(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.

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

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