Marcum Wealth LLC Boosts Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Marcum Wealth LLC increased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,925 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Marcum Wealth LLC’s holdings in American Electric Power were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC purchased a new stake in American Electric Power in the 4th quarter valued at about $26,000. Denali Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of American Electric Power in the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in shares of American Electric Power in the 1st quarter valued at about $29,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Electric Power in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Guggenheim boosted their price target on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. BMO Capital Markets lifted their price objective on American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price target on American Electric Power from $84.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley lowered their price objective on American Electric Power from $98.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. One equities research 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.46.

American Electric Power Stock Performance

AEP stock traded down $3.73 during trading on Monday, reaching $98.06. 3,951,205 shares of the company’s stock were exchanged, compared to its average volume of 3,288,227. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The firm has a market cap of $51.69 billion, a PE ratio of 18.19, a P/E/G ratio of 2.92 and a beta of 0.53. The company’s fifty day moving average price is $90.48 and its 200-day moving average price is $86.08. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $104.41.

American Electric Power (NASDAQ:AEP) last announced 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 business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 earnings per share. On average, research analysts expect that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be issued 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 3.59%. American Electric Power’s dividend payout ratio (DPR) is 65.31%.

Insider Activity

In related news, EVP Antonio P. Smyth sold 4,898 shares of the 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 owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Therace Risch 5,274 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.