Carret Asset Management LLC Purchases 1,845 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Carret Asset Management LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,291 shares of the company’s stock after purchasing an additional 1,845 shares during the quarter. Carret Asset Management LLC’s holdings in American Electric Power were worth $5,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Personal CFO Solutions LLC boosted its stake in American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after purchasing an additional 130 shares during the period. BLB&B Advisors LLC boosted its position in shares of American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after acquiring an additional 131 shares during the last quarter. Southland Equity Partners LLC grew its stake in American Electric Power by 4.2% during the first quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock valued at $284,000 after acquiring an additional 133 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock valued at $404,000 after acquiring an additional 135 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in American Electric Power by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock worth $1,186,000 after purchasing an additional 138 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 0.1 %

Shares of NASDAQ:AEP traded down $0.06 during trading hours on Wednesday, hitting $87.56. 1,150,872 shares of the company’s stock traded hands, compared to its average volume of 3,368,199. The firm has a market capitalization of $46.15 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. The business has a fifty day moving average price of $88.88 and a 200-day moving average price of $84.23. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $93.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the business earned $1.11 EPS. American Electric Power’s revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $0.88 per share. The ex-dividend date was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 4.02%. American Electric Power’s payout ratio is 65.31%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEP. Barclays raised their price objective on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Scotiabank lifted their price objective on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada increased their target price on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their price target on shares of American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Morgan Stanley lowered their price objective on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling at American Electric Power

In related news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at $563,476.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares in the company, valued at approximately $563,476.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the completion of the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate 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.