Schwab Charles Investment Management Inc. raised its holdings in American Electric Power Company Inc (NYSE:AEP) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,737,542 shares of the utilities provider’s stock after buying an additional 57,905 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.35% of American Electric Power worth $122,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AEP. Capital Research Global Investors raised its position in shares of American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after purchasing an additional 6,983,864 shares during the period. JPMorgan Chase & Co. raised its position in shares of American Electric Power by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after purchasing an additional 2,762,164 shares during the period. Wells Fargo & Company MN raised its position in shares of American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after purchasing an additional 2,260,303 shares during the period. APG Asset Management N.V. raised its position in shares of American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after purchasing an additional 2,042,700 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of American Electric Power during the second quarter worth approximately $122,927,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of American Electric Power in a research report on Monday, October 30th. Bank of America assumed coverage on American Electric Power in a research report on Tuesday, October 24th. They set a “buy” rating and a $79.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research report on Friday, September 8th. Finally, KeyCorp reaffirmed a “buy” rating and set a $73.00 target price on shares of American Electric Power in a research report on Friday, September 1st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. American Electric Power has an average rating of “Hold” and an average target price of $73.91.

Shares of American Electric Power Company Inc (NYSE AEP) traded up $0.49 during trading on Friday, reaching $77.63. The company had a trading volume of 3,201,700 shares, compared to its average volume of 2,306,116. American Electric Power Company Inc has a 1-year low of $57.89 and a 1-year high of $77.93. The company has a market capitalization of $37,900.00, a P/E ratio of 22.13, a P/E/G ratio of 4.49 and a beta of 0.29. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $1.30 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. sell-side analysts anticipate that American Electric Power Company Inc will post 3.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 annualized dividend and a yield of 3.19%. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is 64.75%.

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American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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

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