American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by MCF Advisors LLC

MCF Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 112.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,307 shares of the company’s stock after acquiring an additional 1,220 shares during the period. MCF Advisors LLC’s holdings in American Electric Power were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AEP. Fisher Asset Management LLC grew its holdings in American Electric Power by 36.2% during the 4th quarter. Fisher Asset Management LLC now owns 7,216 shares of the company’s stock worth $586,000 after acquiring an additional 1,918 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of American Electric Power by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 53,693 shares of the company’s stock worth $4,361,000 after purchasing an additional 1,554 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in American Electric Power by 9.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,974 shares of the company’s stock valued at $404,000 after buying an additional 443 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Electric Power by 5.2% in 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 buying an additional 147,826 shares in the last quarter. Finally, National Pension Service lifted its holdings in American Electric Power by 3.6% during the 4th quarter. National Pension Service now owns 1,305,479 shares of the company’s stock worth $106,031,000 after buying an additional 44,884 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.7 %

NASDAQ:AEP opened at $103.10 on Friday. 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 current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. The stock’s 50 day simple moving average is $95.52 and its 200-day simple moving average is $89.41. The firm has a market cap of $54.35 billion, a P/E ratio of 19.13, a PEG ratio of 2.87 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last announced 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 during the quarter, compared to the consensus estimate of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. During the same quarter in the prior year, the firm earned $1.13 EPS. American Electric Power’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts anticipate that American Electric Power Company, Inc. will post 5.59 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, August 9th. American Electric Power’s payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Guggenheim boosted their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Morgan Stanley boosted their price objective on shares of American Electric Power from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. BMO Capital Markets lifted their price target on shares of American Electric Power from $100.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Scotiabank upped their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and an average target price of $94.77.

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.