Bank of The Ozarks lowered its position in American Electric Power Company, Inc. (NYSE:AEP) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 6,461 shares of the utilities provider’s stock after selling 100 shares during the period. Bank of The Ozarks’ holdings in American Electric Power were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AEP. Alpha Windward LLC increased its stake in American Electric Power by 0.8% in the first quarter. Alpha Windward LLC now owns 3,118 shares of the utilities provider’s stock worth $209,000 after buying an additional 24 shares during the period. Atria Investments LLC raised its position in shares of American Electric Power by 5.5% in the first quarter. Atria Investments LLC now owns 3,663 shares of the utilities provider’s stock worth $246,000 after buying an additional 191 shares in the last quarter. Cullinan Associates Inc. raised its position in shares of American Electric Power by 116.4% in the first quarter. Cullinan Associates Inc. now owns 15,800 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 8,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of American Electric Power during the first quarter worth $829,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of American Electric Power by 3.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 69,055 shares of the utilities provider’s stock worth $4,636,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 70.77% of the company’s stock.

American Electric Power Company, Inc. (NYSE:AEP) opened at 71.52 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97. The company has a market capitalization of $35.18 billion, a price-to-earnings ratio of 61.55 and a beta of 0.30. The stock has a 50 day moving average of $69.84 and a 200-day moving average of $68.29.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter last year, the firm posted $0.95 earnings per share. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.30%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

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A number of equities analysts have weighed in on AEP shares. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley increased 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 research report on Thursday, August 10th. Barclays PLC reiterated an “overweight” rating and set a $76.00 target price (up previously from $71.00) on shares of American Electric Power in a research report on Sunday, April 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 target price (up previously from $73.00) on shares of American Electric Power in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power presently has a consensus rating of “Hold” and a consensus price target of $72.17.

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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