Park Place Capital Corp Has $444,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Park Place Capital Corp reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 20.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,060 shares of the company’s stock after selling 1,289 shares during the period. Park Place Capital Corp’s holdings in American Electric Power were worth $444,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. acquired a new stake in shares of American Electric Power in the 1st quarter valued at about $1,615,000. Quantbot Technologies LP acquired a new position in shares of American Electric Power in the first quarter valued at approximately $1,731,000. Nordea Investment Management AB lifted its holdings in shares of American Electric Power by 381.9% during the first quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock worth $171,127,000 after buying an additional 1,581,734 shares in the last quarter. Mizuho Markets Americas LLC raised its position in shares of American Electric Power by 646.9% in the first quarter. Mizuho Markets Americas LLC now owns 261,440 shares of the company’s stock valued at $22,510,000 after buying an additional 226,435 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of American Electric Power by 21.7% during the 1st quarter. ProShare Advisors LLC now owns 582,692 shares of the company’s stock valued at $50,170,000 after acquiring an additional 103,771 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Royal Bank of Canada lifted 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 note on Friday, May 3rd. Wells Fargo & Company raised their price objective on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and upped their price target for the stock from $73.00 to $86.00 in a research note on Thursday, June 6th. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus price target of $90.46.

Insider Buying and Selling

In related news, insider Therace Risch 5,274 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Electric Power news, insider Therace Risch 5,274 shares of American Electric Power stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg B. Hall sold 5,880 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was 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 directly owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

American Electric Power Stock Down 3.1 %

Shares of AEP traded down $3.18 during trading hours on Monday, hitting $98.61. The company had a trading volume of 1,556,995 shares, compared to its average volume of 3,272,159. The stock has a market capitalization of $51.98 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 2.92 and a beta of 0.53. The firm has a fifty day moving average price of $90.48 and a 200-day moving average price of $86.08. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $104.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.37 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company earned $1.13 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 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.