American Electric Power (NASDAQ:AEP) Sees Large Volume Increase

American Electric Power Company, Inc. (NASDAQ:AEPGet Free Report) saw unusually-strong trading volume on Friday . Approximately 1,715,157 shares traded hands during trading, a decline of 50% from the previous session’s volume of 3,399,753 shares.The stock last traded at $88.34 and had previously closed at $87.88.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Cfra reiterated a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, BMO Capital Markets upped their price objective on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $88.92.

Get Our Latest Stock Analysis on American Electric Power

American Electric Power Price Performance

The stock has a market capitalization of $46.38 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.37 and a current ratio of 0.54. The stock has a 50-day simple moving average of $88.00 and a 200 day simple moving average of $83.79.

American Electric Power (NASDAQ:AEPGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $1.11 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 annualized dividend and a dividend yield of 4.00%. American Electric Power’s dividend payout ratio is currently 65.31%.

Insider Transactions at American Electric Power

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction dated 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 in the company, valued at $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its stake in shares of American Electric Power by 3.9% in the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock valued at $266,000 after purchasing an additional 115 shares during the period. Bogart Wealth LLC raised its stake in shares of American Electric Power by 7.8% in the 1st quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock valued at $142,000 after purchasing an additional 119 shares during the period. Seelaus Asset Management LLC raised its stake in shares of American Electric Power by 1.9% in the 1st quarter. Seelaus Asset Management LLC now owns 6,775 shares of the company’s stock valued at $583,000 after purchasing an additional 125 shares during the period. Personal CFO Solutions LLC raised its stake in shares of American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock valued at $434,000 after purchasing an additional 130 shares during the period. Finally, Greenleaf Trust raised its stake in shares of American Electric Power by 1.5% in the 1st quarter. Greenleaf Trust now owns 8,638 shares of the company’s stock valued at $744,000 after purchasing an additional 130 shares during the period. 75.24% of the stock is currently owned by institutional investors.

About American Electric Power

(Get Free Report)

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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