American Electric Power Company Inc (NYSE:AEP) insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Electric Power Company Inc (NYSE:AEP) traded up 0.03% during mid-day trading on Thursday, hitting $68.17. 1,075,576 shares of the company were exchanged. The firm has a 50 day moving average price of $67.71 and a 200 day moving average price of $64.35. American Electric Power Company Inc has a 12 month low of $57.89 and a 12 month high of $71.32. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 47.81 and a beta of 0.23.

American Electric Power Company (NYSE:AEP) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by $0.01. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. American Electric Power Company had a net margin of 3.74% and a return on equity of 10.87%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share. Analysts anticipate that American Electric Power Company Inc will post $3.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, May 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.46%. American Electric Power Company’s payout ratio is currently 190.32%.

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A number of analysts have issued reports on AEP shares. Jefferies Group LLC boosted their price target on shares of American Electric Power Company from $65.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, March 14th. Barclays PLC reiterated a “buy” rating and set a $71.00 price target on shares of American Electric Power Company in a research note on Monday, February 20th. Deutsche Bank AG boosted their price target on shares of American Electric Power Company from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Zacks Investment Research lowered shares of American Electric Power Company from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Mizuho reiterated a “buy” rating and set a $72.50 price target on shares of American Electric Power Company in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $71.60.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of American Electric Power Company by 2,394.3% in the first quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock valued at $2,270,326,000 after buying an additional 32,463,953 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American Electric Power Company by 22.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,714,397 shares of the utilities provider’s stock valued at $559,551,000 after buying an additional 1,606,332 shares during the last quarter. Energy Income Partners LLC bought a new stake in shares of American Electric Power Company during the fourth quarter valued at approximately $81,340,000. The Manufacturers Life Insurance Company bought a new stake in shares of American Electric Power Company during the third quarter valued at approximately $79,422,000. Finally, Vanguard Group Inc. increased its stake in shares of American Electric Power Company by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,128,589 shares of the utilities provider’s stock valued at $2,291,051,000 after buying an additional 1,124,366 shares during the last quarter. Institutional investors and hedge funds own 68.13% of the company’s stock.

About American Electric Power Company

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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