MCF Advisors LLC Has $136,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

MCF Advisors LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 263.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,609 shares of the company’s stock after acquiring an additional 1,166 shares during the period. MCF Advisors LLC’s holdings in American Electric Power were worth $136,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of American Electric Power by 4.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 109,769 shares of the company’s stock valued at $9,297,000 after buying an additional 4,924 shares during the period. Geode Capital Management LLC grew its holdings in shares of American Electric Power by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 7,601,089 shares of the company’s stock valued at $641,893,000 after buying an additional 137,644 shares during the period. Schroder Investment Management Group grew its holdings in shares of American Electric Power by 30.7% in the 1st quarter. Schroder Investment Management Group now owns 88,663 shares of the company’s stock valued at $7,510,000 after buying an additional 20,827 shares during the period. Ameriprise Financial Inc. boosted its stake in American Electric Power by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 7,323,391 shares of the company’s stock worth $620,283,000 after purchasing an additional 472,691 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its stake in American Electric Power by 41.6% in the 1st quarter. Ropes Wealth Advisors LLC now owns 13,709 shares of the company’s stock worth $1,185,000 after purchasing an additional 4,025 shares during the period. 73.60% of the stock is owned by institutional investors.

In other news, CEO Nicholas K. Akins sold 2,100 shares of the company’s stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $84.73, for a total value of $177,933.00. Following the sale, the chief executive officer now directly owns 102,872 shares of the company’s stock, valued at approximately $8,716,344.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on AEP. Morgan Stanley upped their target price on shares of American Electric Power from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Wells Fargo & Company reduced their target price on shares of American Electric Power from $96.00 to $93.00 and set an “equal weight” rating for the company in a research note on Friday, July 23rd. Bank of America raised shares of American Electric Power from a “neutral” rating to a “buy” rating and set a $86.88 target price for the company in a research note on Monday, July 26th. Finally, Barclays upped their target price on shares of American Electric Power from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $95.21.

Shares of NASDAQ:AEP opened at $87.83 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.44 and a quick ratio of 0.33. The company’s 50-day moving average price is $88.49 and its two-hundred day moving average price is $86.22. The stock has a market capitalization of $43.94 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 3.30 and a beta of 0.27. American Electric Power Company, Inc. has a one year low of $74.80 and a one year high of $94.21.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, July 21st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.05 billion. American Electric Power had a net margin of 14.78% and a return on equity of 11.02%. American Electric Power’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post 4.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Tuesday, August 10th were issued a $0.74 dividend. The ex-dividend date of this dividend was Monday, August 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.37%. American Electric Power’s payout ratio is 66.67%.

About American Electric Power

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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