American Electric Power Company Inc (AEP) Position Lifted by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 201.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,666 shares of the utilities provider’s stock after buying an additional 9,132 shares during the period. Independent Advisor Alliance’s holdings in American Electric Power were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AEP. Oregon Public Employees Retirement Fund boosted its position in shares of American Electric Power by 7,281.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,970,039 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 3,916,258 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in American Electric Power by 124.6% during the fourth quarter. Commonwealth Bank of Australia now owns 3,681,416 shares of the utilities provider’s stock worth $275,134,000 after acquiring an additional 2,042,518 shares in the last quarter. BlackRock Inc. raised its holdings in American Electric Power by 3.9% in the fourth quarter. BlackRock Inc. now owns 36,683,081 shares of the utilities provider’s stock worth $2,741,691,000 after buying an additional 1,381,916 shares during the last quarter. California Public Employees Retirement System raised its holdings in American Electric Power by 42.2% in the fourth quarter. California Public Employees Retirement System now owns 2,623,879 shares of the utilities provider’s stock worth $196,109,000 after buying an additional 778,581 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in American Electric Power by 26.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,656,258 shares of the utilities provider’s stock worth $273,269,000 after buying an additional 757,505 shares during the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.

In other American Electric Power news, VP Brian X. Tierney sold 4,392 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total transaction of $377,799.84. Following the completion of the sale, the vice president now directly owns 39,449 shares of the company’s stock, valued at $3,393,402.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicholas K. Akins sold 11,152 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $84.94, for a total transaction of $947,250.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,047 shares of company stock valued at $1,454,023. 0.16% of the stock is owned by corporate insiders.



Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group lifted their target price on shares of American Electric Power from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised shares of American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, March 18th. Wolfe Research set a $89.00 target price on shares of American Electric Power and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Goldman Sachs Group cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. American Electric Power currently has an average rating of “Buy” and an average price target of $81.63.

Shares of AEP traded up $0.70 during mid-day trading on Thursday, hitting $85.75. 81,418 shares of the company traded hands, compared to its average volume of 2,678,753. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.19. American Electric Power Company Inc has a 1 year low of $62.71 and a 1 year high of $86.54. The stock has a market capitalization of $42.18 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 3.70 and a beta of 0.17.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.09. American Electric Power had a net margin of 12.64% and a return on equity of 10.81%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that American Electric Power Company Inc will post 4.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.13%. American Electric Power’s dividend payout ratio is currently 67.85%.

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About American Electric Power

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

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