American Electric Power Sees Unusually Large Options Volume (AEP)

American Electric Power Company Inc (NYSE:AEP) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 28,436 call options on the company. This represents an increase of approximately 4,343% compared to the average volume of 640 call options.

A number of equities analysts have weighed in on AEP shares. Zacks Investment Research raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. JPMorgan Chase & Co. raised shares of American Electric Power from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $88.00 in a research note on Tuesday, March 12th. Morgan Stanley downgraded shares of American Electric Power from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $86.00 to $83.20 in a research note on Thursday, April 18th. Wolfe Research set a $89.00 price target on shares of American Electric Power and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Goldman Sachs Group downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research note on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $80.48.

American Electric Power stock opened at $83.73 on Thursday. American Electric Power has a 12-month low of $62.71 and a 12-month high of $86.10. The firm has a market cap of $41.74 billion, a P/E ratio of 21.20, a PEG ratio of 3.66 and a beta of 0.17. The company has a current ratio of 0.49, a quick ratio of 0.37 and a debt-to-equity ratio of 1.19.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. American Electric Power had a net margin of 12.64% and a return on equity of 10.81%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that American Electric Power will post 4.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 67.85%.

In other American Electric Power news, CEO Nicholas K. Akins sold 11,152 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $84.94, for a total transaction of $947,250.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Martingale Asset Management L P grew its holdings in American Electric Power by 10.5% during the 1st quarter. Martingale Asset Management L P now owns 462,758 shares of the utilities provider’s stock worth $38,757,000 after acquiring an additional 43,799 shares in the last quarter. Rational Advisors LLC boosted its holdings in shares of American Electric Power by 332.5% in the 1st quarter. Rational Advisors LLC now owns 666 shares of the utilities provider’s stock valued at $56,000 after buying an additional 512 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in shares of American Electric Power by 8.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,971 shares of the utilities provider’s stock valued at $668,000 after buying an additional 637 shares during the period. Barings LLC boosted its holdings in shares of American Electric Power by 264.3% in the 1st quarter. Barings LLC now owns 14,611 shares of the utilities provider’s stock valued at $1,224,000 after buying an additional 10,600 shares during the period. Finally, Becker Capital Management Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at about $201,000. 73.53% of the stock is owned by institutional investors.

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About American Electric Power

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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