First Hawaiian Bank Has $1.38 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

First Hawaiian Bank lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,745 shares of the company’s stock after selling 159 shares during the quarter. First Hawaiian Bank’s holdings in American Electric Power were worth $1,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in American Electric Power in the fourth quarter worth $26,000. Denali Advisors LLC acquired a new stake in American Electric Power during the 1st quarter worth $26,000. Rise Advisors LLC bought a new position in American Electric Power during the first quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new position in American Electric Power in the first quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of American Electric Power in the fourth quarter worth about $32,000. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, insider Therace Risch 5,274 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction on Friday, May 31st. The stock was sold at an average price of $88.25, for a total transaction of $518,910.00. Following the completion of the sale, the executive vice president now owns 6,385 shares of the company’s stock, valued at $563,476.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Therace Risch 5,274 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Stock Up 1.3 %

AEP traded up $1.23 during trading on Tuesday, reaching $99.29. 2,076,139 shares of the stock were exchanged, compared to its average volume of 3,280,147. The stock has a market cap of $52.34 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. The stock’s 50 day moving average price is $90.66 and its two-hundred day moving average price is $86.22. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $104.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.37 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that American Electric Power Company, Inc. will post 5.59 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.55%. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Scotiabank lifted their price objective on American Electric Power from $90.00 to $99.00 and gave the company a “sector outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Guggenheim lifted their price target on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. Finally, StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $92.00.

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.