American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Mather Group LLC.

Mather Group LLC. increased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 32.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,735 shares of the company’s stock after buying an additional 1,878 shares during the period. Mather Group LLC.’s holdings in American Electric Power were worth $666,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new stake in shares of American Electric Power during the 4th quarter worth about $175,667,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of American Electric Power by 542.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock worth $193,541,000 after purchasing an additional 1,927,234 shares during the last quarter. Nordea Investment Management AB raised its stake in 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 purchasing an additional 1,581,734 shares during the period. National Bank of Canada FI increased its holdings in shares of American Electric Power by 221.9% during the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock worth $157,140,000 after buying an additional 1,182,451 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of American Electric Power by 67.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock worth $210,055,000 after purchasing an additional 1,043,885 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Up 2.0 %

NASDAQ AEP traded up $1.92 on Wednesday, hitting $100.21. The company’s stock had a trading volume of 799,293 shares, compared to its average volume of 3,279,932. The company’s 50-day simple moving average is $90.86 and its 200 day simple moving average is $86.37. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $104.41. The firm has a market cap of $52.82 billion, a P/E ratio of 18.60, a PEG ratio of 2.92 and a beta of 0.53. The company has a current ratio of 0.65, a quick ratio of 0.37 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. Research analysts predict that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.51%. American Electric Power’s dividend payout ratio is currently 65.31%.

Analyst Ratings Changes

A number of equities analysts have commented on AEP shares. Royal Bank of Canada lifted their price objective on shares of American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. StockNews.com upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Bank of America cut shares of American Electric Power from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $96.00 to $97.00 in a research report on Tuesday. Scotiabank raised their price objective on shares of American Electric Power from $90.00 to $99.00 and gave the company a “sector outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their price target on American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.00.

Insider Activity

In other news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was 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 directly owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the business’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 completion of the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.