Oregon Public Employees Retirement Fund lifted its stake in American Electric Power Company, Inc. (NYSE:AEP) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,592 shares of the utilities provider’s stock after acquiring an additional 1,282 shares during the period. Oregon Public Employees Retirement Fund’s holdings in American Electric Power were worth $3,694,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its position in American Electric Power by 2,394.3% in the first quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock worth $2,270,326,000 after purchasing an additional 32,463,953 shares during the period. Capital Research Global Investors lifted its position in American Electric Power by 223.4% in 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. APG Asset Management N.V. lifted its position in American Electric Power by 153.2% in 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. Epoch Investment Partners Inc. bought a new position in American Electric Power in the second quarter worth $122,927,000. Finally, Bank of Montreal Can lifted its position in American Electric Power by 35.2% in the second quarter. Bank of Montreal Can now owns 4,366,510 shares of the utilities provider’s stock worth $303,342,000 after purchasing an additional 1,137,941 shares during the period. Institutional investors and hedge funds own 72.06% of the company’s stock.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at $74.78 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $37,129.03, a PE ratio of 21.69, a P/E/G ratio of 4.38 and a beta of 0.29. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $75.84.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. American Electric Power’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. analysts anticipate that American Electric Power Company, Inc. will post 3.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.32%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 9th. American Electric Power’s dividend payout ratio (DPR) is presently 64.92%.

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A number of research analysts have issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of American Electric Power in a report on Monday, October 30th. Bank of America Corporation assumed coverage on American Electric Power in a report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. KeyCorp reissued a “buy” rating and set a $73.00 price objective on shares of American Electric Power in a report on Friday, September 1st. Finally, Deutsche Bank AG cut American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $73.91.

About American Electric Power

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.

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

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