Marcum Wealth LLC Has $327,000 Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Marcum Wealth LLC raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 16.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,794 shares of the company’s stock after purchasing an additional 528 shares during the period. Marcum Wealth LLC’s holdings in American Electric Power were worth $327,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Apella Capital LLC acquired a new position in American Electric Power during the 4th quarter valued at about $348,000. Rockline Wealth Management LLC bought a new position in shares of American Electric Power during the 4th quarter worth approximately $1,982,000. Nisa Investment Advisors LLC lifted its position in shares of American Electric Power by 28.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after buying an additional 11,065 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of American Electric Power by 34.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 62,978 shares of the company’s stock worth $5,115,000 after buying an additional 16,225 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of American Electric Power by 1,592.1% during the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock worth $33,612,000 after buying an additional 389,675 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s 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 transaction, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Antonio P. Smyth sold 4,898 shares of the business’s 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 transaction, the executive vice president now directly owns 6,446 shares in the company, valued at approximately $580,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $88.25, for a total transaction of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at $563,476.25. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AEP. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Morgan Stanley lifted their target price on shares of American Electric Power from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. StockNews.com raised shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. BMO Capital Markets lifted their price target on shares of American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of American Electric Power from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, American Electric Power currently has an average rating of “Hold” and an average target price of $88.92.

American Electric Power Trading Down 0.9 %

Shares of AEP stock opened at $87.05 on Friday. The company’s fifty day simple moving average is $88.20 and its two-hundred day simple moving average is $83.87. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $93.44. The stock has a market capitalization of $45.89 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.61 and a beta of 0.53.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. American Electric Power had a net margin of 14.60% and a return on equity of 11.23%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given 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 dividend yield of 4.04%. American Electric Power’s dividend payout ratio (DPR) is currently 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.