Marco Investment Management LLC Acquires Shares of 2,136 American Electric Power Company, Inc. (NASDAQ:AEP)

Marco Investment Management LLC bought a new position in American Electric Power Company, Inc. (NASDAQ:AEP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,136 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors have also made changes to their positions in the company. EQ Wealth Advisors LLC acquired a new position in American Electric Power in the first quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in American Electric Power during the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in American Electric Power during the 1st quarter worth $33,000. Fourth Dimension Wealth LLC bought a new position in American Electric Power during the 4th quarter worth $28,000. Finally, IMA Advisory Services Inc. acquired a new stake in American Electric Power in the first quarter worth $35,000. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Electric Power news, EVP David Matthew Feinberg sold 8,058 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president owned 10,274 shares of the company’s stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Quinton S. Lies sold 10,141 shares of American Electric Power stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the transaction, the executive vice president owned 9,658 shares in the company, valued at $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,314 shares of company stock valued at $3,508,293 over the last 90 days. 0.07% of the stock is currently owned by insiders.

American Electric Power Stock Up 1.2%

AEP opened at $109.22 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.31 and a current ratio of 0.42. The company has a market capitalization of $58.35 billion, a PE ratio of 21.04, a P/E/G ratio of 2.87 and a beta of 0.42. The stock’s fifty day moving average is $103.96 and its 200-day moving average is $103.63. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $110.51.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.68% and a net margin of 13.73%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the previous year, the company earned $1.27 earnings per share. American Electric Power’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, August 8th. American Electric Power’s dividend payout ratio is presently 71.68%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AEP shares. Citigroup boosted their price target on shares of American Electric Power from $102.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on shares of American Electric Power from $107.00 to $114.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Guggenheim upped their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. UBS Group lifted their price target on American Electric Power from $95.00 to $100.00 and gave the company a “sell” rating in a report on Friday, June 6th. Finally, Morgan Stanley reduced their price objective on American Electric Power from $114.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.31.

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.