American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lifted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,454 shares of the company’s stock after buying an additional 288 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in American Electric Power were worth $391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in American Electric Power in the 4th quarter valued at $26,000. Denali Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of American Electric Power during the first quarter valued at about $29,000. Finally, LRI Investments LLC grew its stake in shares of American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after acquiring an additional 365 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Greg B. Hall sold 5,880 shares of the company’s 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’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 transaction, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Electric Power Stock Down 0.5 %

Shares of American Electric Power stock traded down $0.48 on Tuesday, hitting $98.54. 2,447,207 shares of the company traded hands, compared to its average volume of 3,247,520. The company has a 50-day moving average price of $93.44 and a 200 day moving average price of $88.35. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $104.41. The company has a market cap of $51.94 billion, a PE ratio of 18.29, a PEG ratio of 2.92 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. American Electric Power’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 earnings per share. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently announced 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. This represents a $3.52 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s dividend payout ratio is 65.31%.

Analyst Ratings Changes

Several brokerages have recently commented on AEP. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Royal Bank of Canada boosted their target price on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their target price on shares of American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, Bank of America downgraded shares of American Electric Power from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $96.00 to $97.00 in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and an average price target of $94.69.

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.