American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 107.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,401 shares of the company’s stock after buying an additional 2,801 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in American Electric Power were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AEP. HHM Wealth Advisors LLC increased its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. LRI Investments LLC increased its stake in shares of American Electric Power by 935.9% during the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock worth $35,000 after purchasing an additional 365 shares in the last quarter. Finally, Briaud Financial Planning Inc increased its stake in shares of American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ AEP traded up $1.03 on Friday, hitting $98.25. The stock had a trading volume of 1,849,142 shares, compared to its average volume of 3,150,735. American Electric Power Company, Inc. has a one year low of $72.01 and a one year high of $105.18. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53. The stock has a market cap of $52.28 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.79 and a beta of 0.54. The company’s 50-day moving average is $100.23 and its two-hundred day moving average is $92.82.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. On average, analysts expect that American Electric Power Company, Inc. will post 5.6 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $0.88 dividend. The ex-dividend date was Friday, August 9th. This represents a $3.52 annualized dividend and a dividend yield of 3.58%. American Electric Power’s dividend payout ratio (DPR) is presently 70.12%.

Analysts Set New Price Targets

Several research firms have commented on AEP. Guggenheim lifted their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Bank of America lifted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Barclays lifted their target price on shares of American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.79.

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.