Brian X. Tierney Sells 4,458 Shares of American Electric Power Company Inc (NYSE:AEP) Stock

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American Electric Power Company Inc (NYSE:AEP) VP Brian X. Tierney sold 4,458 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $89.73, for a total transaction of $400,016.34. Following the completion of the transaction, the vice president now owns 39,745 shares of the company’s stock, valued at $3,566,318.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

AEP stock opened at $90.36 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.36 and a current ratio of 0.49. American Electric Power Company Inc has a one year low of $68.92 and a one year high of $91.99. The company’s 50 day moving average price is $89.58 and its two-hundred day moving average price is $85.68. The company has a market capitalization of $44.57 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 3.86 and a beta of 0.13.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. American Electric Power had a net margin of 12.53% and a return on equity of 10.69%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, research analysts predict that American Electric Power Company Inc will post 4.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, August 8th. American Electric Power’s payout ratio is 67.85%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 target price for the company in a research report on Thursday, July 11th. KeyCorp assumed coverage on shares of American Electric Power in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. SunTrust Banks lifted their target price on shares of American Electric Power from $98.00 to $99.00 and gave the company a “buy” rating in a research report on Monday. Bank of America reiterated a “buy” rating and set a $98.00 target price (up from $93.00) on shares of American Electric Power in a research report on Tuesday, July 9th. Finally, UBS Group lifted their target price on shares of American Electric Power from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. American Electric Power currently has an average rating of “Buy” and an average price target of $88.42.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in American Electric Power by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 40,311,023 shares of the utilities provider’s stock worth $3,547,774,000 after purchasing an additional 348,013 shares in the last quarter. Northern Trust Corp boosted its stake in American Electric Power by 2.6% in the 2nd quarter. Northern Trust Corp now owns 6,017,283 shares of the utilities provider’s stock worth $529,580,000 after purchasing an additional 154,257 shares in the last quarter. Geode Capital Management LLC boosted its stake in American Electric Power by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 5,942,257 shares of the utilities provider’s stock worth $443,292,000 after purchasing an additional 438,632 shares in the last quarter. AQR Capital Management LLC boosted its stake in American Electric Power by 31.9% in the 2nd quarter. AQR Capital Management LLC now owns 3,835,199 shares of the utilities provider’s stock worth $337,536,000 after purchasing an additional 926,783 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in American Electric Power by 18.9% in the 2nd quarter. California Public Employees Retirement System now owns 3,691,176 shares of the utilities provider’s stock worth $324,860,000 after purchasing an additional 585,801 shares in the last quarter. 73.47% of the stock is currently owned by institutional investors.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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