American Electric Power Company Inc (AEP) Insider Sells $68,321.55 in Stock

American Electric Power Company Inc (NYSE:AEP) insider Lisa M. Barton sold 881 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $77.55, for a total value of $68,321.55. Following the completion of the transaction, the insider now directly owns 581 shares in the company, valued at approximately $45,056.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE AEP traded down $0.04 during trading on Friday, hitting $75.61. The company had a trading volume of 22,570 shares, compared to its average volume of 3,083,050. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.10. American Electric Power Company Inc has a 12 month low of $62.71 and a 12 month high of $78.47. The company has a market capitalization of $37.30 billion and a P/E ratio of 20.54.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.26 billion. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. During the same quarter last year, the company earned $1.10 earnings per share. Research analysts anticipate that American Electric Power Company Inc will post 3.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 8th. This is an increase from American Electric Power’s previous quarterly dividend of $0.62. American Electric Power’s dividend payout ratio (DPR) is 72.83%.

A number of research firms have weighed in on AEP. Barclays increased their target price on American Electric Power from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research downgraded American Electric Power from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Morgan Stanley raised their price objective on American Electric Power from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Finally, Bank of America raised their price objective on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.62.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Quadrant L P CA bought a new stake in American Electric Power during the 2nd quarter valued at approximately $118,000. SevenBridge Financial Group LLC bought a new stake in American Electric Power during the 3rd quarter valued at approximately $136,000. Private Capital Group LLC raised its stake in American Electric Power by 83.9% during the 3rd quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 950 shares during the period. Valeo Financial Advisors LLC raised its stake in American Electric Power by 59.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 799 shares during the period. Finally, Girard Partners LTD. bought a new stake in American Electric Power during the 3rd quarter valued at approximately $156,000. 72.55% of the stock is currently owned by institutional investors.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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