Jeppson Wealth Management LLC Purchases 142 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Jeppson Wealth Management LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,976 shares of the company’s stock after purchasing an additional 142 shares during the period. American Electric Power accounts for approximately 1.3% of Jeppson Wealth Management LLC’s holdings, making the stock its 14th biggest position. Jeppson Wealth Management LLC’s holdings in American Electric Power were worth $3,270,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AEP. Apella Capital LLC bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $348,000. Rockline Wealth Management LLC bought a new stake in American Electric Power during the 4th quarter valued at about $1,982,000. Nisa Investment Advisors LLC boosted its position in American Electric Power by 28.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock valued at $4,096,000 after buying an additional 11,065 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of American Electric Power by 34.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock worth $5,115,000 after buying an additional 16,225 shares during the period. Finally, Nordea Investment Management AB lifted its stake in American Electric Power by 1,592.1% in the fourth quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after acquiring an additional 389,675 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. BMO Capital Markets lifted their target price on American Electric Power from $95.00 to $99.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Morgan Stanley cut their price objective on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, June 24th. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and upped their target price for the company from $73.00 to $86.00 in a research report on Thursday, June 6th. Finally, Royal Bank of Canada boosted their target price on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $88.62.

Insider Buying and Selling

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $440,820.00. Following the completion of the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at $580,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $518,910.00. Following the transaction, the executive vice president now directly 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 currently owned by company insiders.

American Electric Power Price Performance

AEP traded down $0.56 during trading on Friday, hitting $87.74. The company’s stock had a trading volume of 3,685,946 shares, compared to its average volume of 2,534,441. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $93.44. The firm has a market capitalization of $46.25 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.60 and a beta of 0.53. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 1.50. The business’s fifty day simple moving average is $88.79 and its 200 day simple moving average is $84.16.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 65.31%.

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.