First National Bank of Mount Dora Trust Investment Services Increases Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

First National Bank of Mount Dora Trust Investment Services grew its stake in American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 43,466 shares of the company’s stock after buying an additional 3,409 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in American Electric Power were worth $3,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of American Electric Power in the 4th quarter valued at about $26,000. Rise Advisors LLC purchased a new position in shares of American Electric Power in the 1st quarter valued at about $27,000. Wetzel Investment Advisors Inc. purchased a new position in shares of American Electric Power in the 4th quarter valued at about $32,000. GoalVest Advisory LLC boosted its stake in shares of American Electric Power by 304.8% in the 4th quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after buying an additional 320 shares during the period. Finally, Northwest Financial Advisors purchased a new position in shares of American Electric Power in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity at American Electric Power

In other news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 6,385 shares in the company, valued at $563,476.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction dated 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 directly owns 6,385 shares in the company, valued at $563,476.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at $580,140. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Electric Power Price Performance

Shares of American Electric Power stock traded down $0.25 during trading on Friday, reaching $87.63. The company’s stock had a trading volume of 2,290,018 shares, compared to its average volume of 3,404,584. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 1.50. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $93.44. The company has a market capitalization of $46.19 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 50 day moving average price of $88.00 and a 200-day moving average price 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 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 firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Announces Dividend

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

Wall Street Analyst Weigh In

AEP has been the topic of several research analyst reports. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and cut their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. Scotiabank raised their target price on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 1st. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Barclays lifted their price target on American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.92.

Read Our Latest Stock Report on AEP

American Electric Power Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEPFree Report).

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

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.