Brookstone Capital Management Lowers Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Brookstone Capital Management trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,458 shares of the company's stock after selling 5,830 shares during the period. Brookstone Capital Management's holdings in American Electric Power were worth $11,920,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 49,630,436 shares of the company's stock valued at $4,273,181,000 after purchasing an additional 405,114 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of American Electric Power by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 8,586,577 shares of the company's stock valued at $739,303,000 after purchasing an additional 776,965 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of American Electric Power by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,983,393 shares of the company's stock valued at $242,311,000 after purchasing an additional 147,826 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of American Electric Power by 67.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company's stock valued at $210,055,000 after purchasing an additional 1,043,885 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of American Electric Power by 542.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company's stock valued at $193,541,000 after purchasing an additional 1,927,234 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

American Electric Power Trading Up 0.4 %

American Electric Power stock traded up $0.38 during mid-day trading on Friday, hitting $96.94. 2,978,604 shares of the stock were exchanged, compared to its average volume of 3,292,669. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $104.41. The firm's fifty day simple moving average is $92.23 and its two-hundred day simple moving average is $87.41. The stock has a market capitalization of $51.10 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.92 and a beta of 0.53.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. American Electric Power's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.59 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.63%. American Electric Power's dividend payout ratio is currently 65.31%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AEP. Wells Fargo & Company raised their price target on shares of American Electric Power from $84.00 to $89.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 1st. Guggenheim raised their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Bank of America lowered shares of American Electric Power from a "neutral" rating to an "underperform" rating and raised their price objective for the company from $96.00 to $97.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $101.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Finally, Morgan Stanley dropped their price objective on shares of American Electric Power from $98.00 to $94.00 and set an "overweight" rating for the company in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.38.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.