MADDEN SECURITIES Corp Takes Position in American Electric Power Company, Inc. (NASDAQ:AEP)

MADDEN SECURITIES Corp bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,935 shares of the company’s stock, valued at approximately $184,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of American Electric Power during the third quarter worth about $27,000. Penserra Capital Management LLC purchased a new stake in shares of American Electric Power in the first quarter valued at approximately $27,000. American National Bank increased its position in shares of American Electric Power by 1,103.6% during the fourth quarter. American National Bank now owns 337 shares of the company’s stock worth $32,000 after purchasing an additional 309 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of American Electric Power during the third quarter worth approximately $33,000. Finally, Paragon Wealth Strategies LLC purchased a new stake in shares of American Electric Power during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.

American Electric Power Stock Down 1.4 %

Shares of NASDAQ:AEP traded down $1.31 during trading on Friday, hitting $90.70. The company’s stock had a trading volume of 8,072,277 shares, compared to its average volume of 2,929,044. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.56 and a current ratio of 0.65. American Electric Power Company, Inc. has a fifty-two week low of $80.30 and a fifty-two week high of $105.60. The stock’s 50-day moving average price is $91.43 and its two-hundred day moving average price is $91.14. The company has a market capitalization of $46.61 billion, a PE ratio of 20.11, a PEG ratio of 2.81 and a beta of 0.44.

American Electric Power (NASDAQ:AEP – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.26 billion. American Electric Power had a return on equity of 10.75% and a net margin of 11.77%. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.26 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, February 9th. American Electric Power’s dividend payout ratio is currently 73.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on American Electric Power from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Friday, March 10th. Morgan Stanley cut their price target on American Electric Power from $112.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. BMO Capital Markets upped their price target on American Electric Power from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, December 16th. Cfra increased their price objective on American Electric Power from $93.00 to $96.00 and gave the company a “hold” rating in a report on Friday, February 24th. Finally, Bank of America downgraded American Electric Power from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $101.00 to $98.00 in a research note on Monday, December 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $100.83.

Insider Activity at American Electric Power

In other news, EVP Greg B. Hall sold 884 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $90.99, for a total transaction of $80,435.16. Following the completion of the transaction, the executive vice president now directly owns 7,331 shares of the company’s stock, valued at $667,047.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Greg B. Hall sold 884 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $90.99, for a total transaction of $80,435.16. Following the completion of the transaction, the executive vice president now directly owns 7,331 shares of the company’s stock, valued at $667,047.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Matthew Feinberg sold 1,004 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $90.39, for a total value of $90,751.56. Following the transaction, the executive vice president now owns 11,717 shares of the company’s stock, valued at $1,059,099.63. The disclosure for this sale can be found here. Insiders sold a total of 63,897 shares of company stock valued at $5,723,900 over the last three months. 0.12% of the stock is owned by insiders.

American Electric Power Profile

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