GSB Wealth Management LLC held its position in American Electric Power Company, Inc. (NYSE:AEP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,250 shares of the utilities provider’s stock at the end of the 2nd quarter. GSB Wealth Management LLC’s holdings in American Electric Power were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Ledyard National Bank increased its holdings in shares of American Electric Power by 52.6% in the 2nd quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after buying an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of American Electric Power in the 1st quarter worth about $105,000. Chicago Partners Investment Group LLC increased its holdings in shares of American Electric Power by 0.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after buying an additional 5 shares during the last quarter. Zions Bancorporation increased its holdings in shares of American Electric Power by 1.3% in the 1st quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after buying an additional 21 shares during the last quarter. Finally, Smithfield Trust Co. increased its holdings in shares of American Electric Power by 8.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock worth $117,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

A number of analysts have recently weighed in on the stock. J P Morgan Chase & Co boosted their target price on shares of American Electric Power to $75.00 and gave the stock a “neutral” rating in a report on Thursday. Goldman Sachs Group, Inc. (The) downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $68.00 to $70.00 in a report on Monday, June 26th. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 target price on shares of American Electric Power in a report on Wednesday, August 2nd. Morgan Stanley boosted their target price on shares of American Electric Power from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. American Electric Power presently has an average rating of “Hold” and an average price target of $73.10.

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Shares of American Electric Power Company, Inc. (NYSE:AEP) traded down 0.25% during trading on Friday, reaching $73.16. 1,943,775 shares of the company traded hands. The firm has a 50 day moving average of $72.37 and a 200 day moving average of $70.40. The stock has a market capitalization of $35.98 billion, a PE ratio of 62.96 and a beta of 0.28. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $74.59.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post $3.65 EPS for the current year.

American Electric Power 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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