Coastal Investment Advisors Inc. increases its position in American Electric Power Company, Inc. 09.30 NASDAQ: AEP


Coastal Investment Advisors Inc. upgrade to American Electric Power Company, Inc. (NASDAQ: AEP – Get Rating) by 4.1% in the first quarter, according to the company in its latest submission of Form 13F to the Securities and Exchange Commission. The fund owned 5,446 shares of the company after buying an additional 216 shares during the quarter. The holdings of Coastal Investment Advisors Inc. at American Electric Power were worth $ 543,000 at the end of the last quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of American Electric Power in the fourth quarter worth approximately $ 354,042,000. BlackRock Inc. increased its position in American Electric Power by 4.8% in the fourth quarter. BlackRock Inc. already owns 41,461,321 shares of the company’s stock worth $ 3,688,814,000 after purchasing an additional 1,910,807 shares during the period. Marshall Wace LLP raised its position in American Electric Power by 1477.3% in the fourth quarter. Marshall Wace LLP now owns 1,066,861 shares of the company’s shares worth $ 94,919,000 after purchasing an additional 999,221 shares during the period. Goldman Sachs Group Inc. raised its position in American Electric Power by 32.8% in the fourth quarter. Goldman Sachs Group Inc. already owns 3,493,365 shares of the company’s shares worth $ 310,805,000 after purchasing an additional 863,190 shares during the period. Finally, Invesco Ltd. raised its position in American Electric Power by 11.0% in the fourth quarter. Invesco Ltd. now owns 8,188,478 shares of the company’s stock worth $ 728,529,000 after purchasing an additional 811,843 shares during the period. 73.26% of the shares are owned by hedge funds and other institutional investors.

In other news, EVP Therace Risch sold 5,330 shares of the company’s shares in a deal on Monday (June 6th). The shares were sold at an average price of $ 102.35, for a total transaction of $ 545,525.50. Following the completion of the sale, the executive vice president now owns 8,248 shares of the company’s stock worth $ 844,182.80. The transaction is disclosed in a document submitted to the SEC, which is accessible through this link. Also, EVP David Matthew Feinberg sold 2,699 shares of the company’s shares in a deal made on Monday, April 4th. The shares were sold at an average price of $ 100.85, for a total transaction of $ 272,194.15. Following the sale, the executive vice president now directly owns 16,302 shares of the company’s stock worth approximately $ 1,644,056.70. The disclosure for this sale can be found here. In the past three months, insiders sold 23,995 shares of the company worth $ 2,412,657. Company insiders own 0.12% of the company’s shares.

Shares of AEP opened at $ 93.60 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.61 and a fast ratio of 0.54. American Electric Power Company, Inc. has a 52-week low of $ 80.22 and a 52-week high of $ 104.81. The company has a 50-day moving average of $ 98.66 and a two-day moving average of $ 94.41. The shares have a market capitalization of $ 48.07 billion, a price / earnings ratio of $ 17.90, a price / earnings-to-earnings ratio of 2.98 and a beta of 0.34.

American Electric Power (NASDAQ: AEP – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $ 1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.19 by $ 0.03. American Electric Power had a net margin of 15.34% and a return on equity of 10.65%. The company had revenue of $ 4.60 billion in the quarter, compared to analysts’ expectations of $ 4.37 billion. During the same period last year, the company earned $ 1.15 earnings per share. Quarterly business revenues increased by 7.0% compared to the same quarter last year. Stock analysts expect American Electric Power Company, Inc. will report EPS 5.01 for the current fiscal year.

The company also recently announced a three-month dividend, which was paid on Friday (June 10th). The record investors on Tuesday, May 10, received a dividend of $ 0.78. This represents a $ 3.12 annual dividend and a yield of 3.33%. The date of the former dividend of this dividend was Monday, May 9. American Electric Power’s dividend payout ratio (DPR) is currently 59.66%.

Several research firms have issued AEP reports. Royal Bank of Canada raised its target price for American Electric Power from $ 101.00 to $ 106.00 and gave the company a rating of “superior” in a report on Monday, March 7. Wells Fargo & Company raised shares of American Electric Power from an “equal weight” rating to an overweight rating and raised its target price for the company from $ 93.00 to $ 101.00 in a research note on Monday, February 28th. Mizuho raised its target price for shares of American Electric Power from $ 94.00 to $ 104.00 and gave the company a “buy” rating in a research note on Tuesday, March 29. Seaport Res Ptn downgraded American Electric Power from a buy rating to a neutral rating in a research note on Monday (March 14th). Finally, StockNews.com began covering American Electric Power shares in a research note on Thursday, March 31st. They issued a “hold” rating on the shares. Two research analysts rated the shares with a retention rating, and six gave the company a rating to buy. Based on data from MarketBeat.com, the shares have an average rating of “Moderate buying” and a consensus target price of $ 101.98.

About American Electric Power (Get a rating)

American Electric Power Company, Inc., a holding company for electric public service, is engaged in the production, transmission and distribution of electricity for retail and wholesale customers in the United States. It operates through vertically integrated utilities, transmission and distribution services, AEP Transmission Holdco and the generation and marketing segments.

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Institutional ownership by quarter for American Electric Power (NASDAQ: AEP)



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