American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 60.3% in the first quarter, HoldingsChannel reports. The firm owned 49,762 shares of the company’s stock after acquiring an additional 18,726 shares during the period. O Shaughnessy Asset Management LLC’s holdings in American Electric Power were worth $4,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. SG Americas Securities LLC raised its holdings in American Electric Power by 103.1% during the fourth quarter. SG Americas Securities LLC now owns 38,607 shares of the company’s stock worth $3,136,000 after purchasing an additional 19,594 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of American Electric Power by 16.2% in the fourth quarter. Mutual Advisors LLC now owns 10,133 shares of the company’s stock valued at $823,000 after buying an additional 1,413 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in American Electric Power by 174.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,610 shares of the company’s stock valued at $699,000 after buying an additional 5,470 shares in the last quarter. CoreCap Advisors LLC boosted its stake in American Electric Power by 9.2% during the fourth quarter. CoreCap Advisors LLC now owns 5,357 shares of the company’s stock valued at $435,000 after buying an additional 451 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in American Electric Power during the fourth quarter worth about $179,000. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the transaction, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction on 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 approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Electric Power Stock Down 0.8 %

NASDAQ AEP traded down $0.71 during trading on Tuesday, reaching $93.64. 3,047,164 shares of the company’s stock were exchanged, compared to its average volume of 3,269,348. The firm has a market capitalization of $49.36 billion, a PE ratio of 17.50, a P/E/G ratio of 2.76 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 $94.72. 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 company’s fifty day simple moving average is $89.39 and its 200-day simple moving average is $85.11.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Guggenheim raised their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets lifted their price target on shares of American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Barclays upped their price target on American Electric Power from $84.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Scotiabank raised their price objective on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company increased their price target on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.77.

American Electric Power 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.