XTX Topco Ltd Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

XTX Topco Ltd acquired a new stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 23,313 shares of the company's stock, valued at approximately $2,547,000.

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Several other hedge funds and other institutional investors have also made changes to their positions in AEP. EQ Wealth Advisors LLC acquired a new position in shares of American Electric Power during the 1st quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $28,000. Bank of New Hampshire purchased a new stake in American Electric Power during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in American Electric Power during the first quarter worth about $33,000. Finally, IMA Advisory Services Inc. acquired a new position in American Electric Power during the first quarter worth about $35,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $109.22 on Wednesday. The business has a fifty day simple moving average of $103.96 and a 200-day simple moving average of $103.63. The company has a quick ratio of 0.31, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $110.51. The company has a market cap of $58.35 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.87 and a beta of 0.42.

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American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The business had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.33 billion. During the same period last year, the company earned $1.27 earnings per share. The company's quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.93 per share. The ex-dividend date is Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.41%. American Electric Power's dividend payout ratio is presently 71.68%.

Insiders Place Their Bets

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In other news, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president directly owned 10,274 shares in the company, valued at $1,045,276.76. This trade represents a 43.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the sale, the executive vice president owned 9,658 shares of the company's stock, valued at $991,683.44. The trade was a 51.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,314 shares of company stock valued at $3,508,293. Insiders own 0.07% of the company's stock.

Analyst Ratings Changes

AEP has been the subject of several research reports. BMO Capital Markets lifted their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Wells Fargo & Company raised their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Morgan Stanley reduced their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. UBS Group increased their target price on American Electric Power from $95.00 to $100.00 and gave the company a "sell" rating in a report on Friday, June 6th. Finally, Barclays raised their price target on American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of "Hold" and an average target price of $108.31.

View Our Latest Research Report on AEP

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.

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