American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,441 shares of the company’s stock after purchasing an additional 2,145 shares during the quarter. iA Global Asset Management Inc.’s holdings in American Electric Power were worth $4,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AEP. Tidal Investments LLC raised its stake in American Electric Power by 5.8% during the 1st quarter. Tidal Investments LLC now owns 13,103 shares of the company’s stock valued at $1,126,000 after acquiring an additional 724 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in American Electric Power by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 724,504 shares of the company’s stock valued at $62,381,000 after buying an additional 12,894 shares in the last quarter. BOKF NA increased its stake in American Electric Power by 35.6% during the 1st quarter. BOKF NA now owns 100,685 shares of the company’s stock valued at $8,514,000 after buying an additional 26,432 shares during the period. Lazard Asset Management LLC lifted its stake in shares of American Electric Power by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company’s stock worth $739,303,000 after acquiring an additional 776,965 shares during the period. Finally, LRI Investments LLC bought a new position in shares of American Electric Power in the first quarter valued at approximately $37,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

American Electric Power stock traded up $3.12 during trading hours on Thursday, hitting $101.24. The stock had a trading volume of 4,625,384 shares, compared to its average volume of 3,275,756. The company has a market cap of $53.37 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.83 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $101.37. The company has a 50-day moving average of $89.99 and a two-hundred day moving average of $85.75. 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 (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.39%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s payout ratio is 65.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AEP shares. Scotiabank boosted their price target on shares of American Electric Power from $90.00 to $99.00 and gave the company a “sector outperform” rating in a report on Wednesday. LADENBURG THALM/SH SH upgraded American Electric Power from a “sell” rating to a “neutral” rating and increased their target price for the company from $73.00 to $86.00 in a report on Thursday, June 6th. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Guggenheim increased their price objective on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada raised their price objective on 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $90.46.

Insider Activity

In other American Electric Power news, insider Therace Risch 5,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other American Electric Power news, insider Therace Risch 5,274 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Greg B. Hall sold 5,880 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the completion of the transaction, the executive vice president now 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 corporate insiders.

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.