Marcum Wealth LLC Has $344,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Marcum Wealth LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,925 shares of the company’s stock after acquiring an additional 131 shares during the period. Marcum Wealth LLC’s holdings in American Electric Power were worth $344,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Richardson Financial Services Inc. raised its stake in shares of American Electric Power by 3.9% in the 1st quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of American Electric Power by 7.8% in the 1st quarter. Bogart Wealth LLC now owns 1,650 shares of the company’s stock valued at $142,000 after acquiring an additional 119 shares in the last quarter. Seelaus Asset Management LLC raised its stake in shares of American Electric Power by 1.9% in the 1st quarter. Seelaus Asset Management LLC now owns 6,775 shares of the company’s stock valued at $583,000 after acquiring an additional 125 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Finally, Greenleaf Trust increased its position in American Electric Power by 1.5% in the 1st quarter. Greenleaf Trust now owns 8,638 shares of the company’s stock worth $744,000 after buying an additional 130 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Electric Power news, insider Therace Risch 5,274 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Therace Risch 5,274 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, 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 completion of the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

AEP has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on American Electric Power from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Barclays lifted their price target on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday. LADENBURG THALM/SH SH raised American Electric Power from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $73.00 to $86.00 in a research report on Thursday, June 6th. Wells Fargo & Company lifted their price target 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. Finally, StockNews.com raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $90.46.

American Electric Power Price Performance

AEP stock traded down $3.73 during trading on Monday, hitting $98.06. The company had a trading volume of 3,951,205 shares, compared to its average volume of 3,288,227. The company has a fifty day moving average price of $90.48 and a two-hundred day moving average price of $86.08. The company has a current ratio of 0.65, a quick ratio of 0.37 and a debt-to-equity ratio of 1.53. The company has a market cap of $51.69 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.92 and a beta of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $104.41.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The company had revenue of $4.60 billion for 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 business’s 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. Equities research analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, August 9th. American Electric Power’s dividend payout ratio is currently 65.31%.

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.