Bbva Compass Bancshares Inc. boosted its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 21,307 shares of the utilities provider’s stock after buying an additional 909 shares during the period. Bbva Compass Bancshares Inc.’s holdings in American Electric Power were worth $1,480,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AEP. Ledyard National Bank increased its stake in American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after buying an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in American Electric Power during the first quarter valued at $105,000. Chicago Partners Investment Group LLC increased its stake in American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after buying an additional 5 shares during the last quarter. Zions Bancorporation increased its stake in American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after buying an additional 21 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 70.96 on Thursday. The stock’s 50 day moving average price is $69.93 and its 200-day moving average price is $68.01. The stock has a market cap of $34.90 billion, a price-to-earnings ratio of 61.07 and a beta of 0.30. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $72.97.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the business posted $0.95 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

The company also recently declared 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 yield of 3.33%. American Electric Power’s dividend payout ratio is presently 203.45%.

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Several analysts recently weighed in on AEP shares. Mizuho restated a “buy” rating and issued a $72.50 price objective on shares of American Electric Power in a report on Wednesday, April 19th. BidaskClub downgraded American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 target price on shares of American Electric Power in a report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.09.

In related news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.15% of the company’s stock.

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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