ORG Partners LLC Has $141,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

ORG Partners LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 774.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,617 shares of the company’s stock after buying an additional 1,432 shares during the quarter. ORG Partners LLC’s holdings in American Electric Power were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 acquiring an additional 405,114 shares during the last quarter. Lazard Asset Management LLC raised its position in American Electric Power by 9.9% in the first 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of American Electric Power by 5.2% during the fourth 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. grew its holdings in shares of American Electric Power by 67.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,586,250 shares of the company’s stock worth $210,055,000 after purchasing an additional 1,043,885 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of American Electric Power by 542.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock valued at $193,541,000 after buying an additional 1,927,234 shares during the period. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AEP shares. Scotiabank increased their price objective on American Electric Power from $90.00 to $99.00 and gave the company a “sector outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets raised their price objective on American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Bank of America cut American Electric Power from a “neutral” rating to an “underperform” rating and upped their target price for the company from $96.00 to $97.00 in a report on Tuesday, August 6th. Barclays raised their price target on shares of American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Guggenheim upped their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.38.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction dated 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 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 through the SEC website. In other American Electric Power news, EVP Greg B. Hall sold 5,880 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $88.25, for a total value of $518,910.00. Following the completion of the transaction, the executive vice president now owns 6,385 shares in the company, valued at approximately $563,476.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Antonio P. Smyth sold 4,898 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares in the company, valued at $580,140. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Electric Power Stock Down 0.8 %

Shares of NASDAQ:AEP traded down $0.79 during midday trading on Thursday, hitting $96.45. 421,359 shares of the company’s stock were exchanged, compared to its average volume of 3,278,190. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.37. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $104.41. The company has a market cap of $50.84 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. The stock has a 50 day moving average price of $91.90 and a 200-day moving average price of $87.16.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 dividend on an annualized basis and a yield of 3.65%. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

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