BT Investment Management Ltd lifted its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,737 shares of the utilities provider’s stock after purchasing an additional 1,402 shares during the quarter. BT Investment Management Ltd’s holdings in American Electric Power were worth $4,971,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ledyard National Bank raised its stake in shares of American Electric Power by 52.6% during the 2nd quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 500 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in shares of American Electric Power during the 1st quarter valued at $105,000. Zions Bancorporation raised its stake in shares of American Electric Power by 1.3% during the 1st quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 21 shares during the period. Smithfield Trust Co. raised its stake in shares of American Electric Power by 8.1% during the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 125 shares during the period. Finally, Thompson Davis & CO. Inc. raised its stake in shares of American Electric Power by 0.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 6 shares during the period. Institutional investors own 72.06% of the company’s stock.

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American Electric Power Company, Inc. (NYSE:AEP) opened at $73.92 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $36,270.00, a PE ratio of 21.29, a PEG ratio of 4.30 and a beta of 0.29. American Electric Power Company, Inc. has a 1 year low of $57.89 and a 1 year high of $74.92.

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 consensus estimate of $1.16 by ($0.06). The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. American Electric Power’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. sell-side analysts anticipate that American Electric Power Company, Inc. will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 3.35%. American Electric Power’s dividend payout ratio is 61.62%.

A number of analysts recently issued reports on AEP shares. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. BidaskClub lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and issued a $70.00 target price on shares of American Electric Power in a research note on Wednesday, July 19th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $75.00 target price (up from $73.00) on shares of American Electric Power in a research note on Friday, July 28th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Electric Power has a consensus rating of “Hold” and an average 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.

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

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