American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 19.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 133,288 shares of the company's stock after selling 31,516 shares during the period. Brookstone Capital Management's holdings in American Electric Power were worth $11,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEP. Personal CFO Solutions LLC lifted its holdings in American Electric Power by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company's stock valued at $434,000 after purchasing an additional 130 shares in the last quarter. BLB&B Advisors LLC lifted its stake in shares of American Electric Power by 4.0% in the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company's stock worth $277,000 after buying an additional 131 shares in the last quarter. Southland Equity Partners LLC boosted its position in American Electric Power by 4.2% during the first quarter. Southland Equity Partners LLC now owns 3,302 shares of the company's stock worth $284,000 after acquiring an additional 133 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in American Electric Power by 2.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company's stock worth $404,000 after purchasing an additional 135 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company's stock worth $1,186,000 after purchasing an additional 138 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Antonio P. Smyth sold 4,898 shares of American Electric Power stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $440,820.00. Following the completion of the transaction, the executive vice president now directly owns 6,446 shares in the company, valued at $580,140. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg B. Hall sold 5,880 shares of the business's stock in a transaction on Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now directly owns 6,385 shares of the company's stock, valued at $563,476.25. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.

American Electric Power Trading Down 0.6 %

Shares of NASDAQ:AEP traded down $0.56 during mid-day trading on Friday, reaching $87.74. 3,685,940 shares of the company were exchanged, compared to its average volume of 3,412,706. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $93.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. The firm's 50-day simple moving average is $88.79 and its 200 day simple moving average is $84.13. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.58 and a beta of 0.53.

American Electric Power (NASDAQ:AEP - Get Free Report) last released 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 analyst estimates of $5.02 billion. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.11 earnings per share. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.58 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.52 dividend on an annualized basis and a yield of 4.01%. American Electric Power's dividend payout ratio (DPR) is presently 65.31%.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on American Electric Power from $84.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 1st. Royal Bank of Canada boosted their price target on shares of American Electric Power from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Scotiabank raised their price objective on shares of American Electric Power from $86.00 to $90.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, May 1st. BMO Capital Markets lifted their target price on shares of American Electric Power from $95.00 to $99.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 14th. Finally, StockNews.com raised shares of American Electric Power from a "sell" rating to a "hold" rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average target price of $88.62.

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.