Cornerstone Capital Management Holdings LLC. grew its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 3.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,510 shares of the utilities provider’s stock after purchasing an additional 7,690 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.05% of American Electric Power worth $17,384,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Thompson Davis & CO. Inc. lifted its holdings in shares of American Electric Power by 0.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock worth $121,000 after buying an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of American Electric Power by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,824 shares of the utilities provider’s stock worth $196,000 after buying an additional 12 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of American Electric Power by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the utilities provider’s stock worth $437,000 after buying an additional 17 shares in the last quarter. Vantage Investment Advisors LLC lifted its holdings in shares of American Electric Power by 0.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock worth $129,000 after buying an additional 17 shares in the last quarter. Finally, Strategic Advisors LLC lifted its holdings in shares of American Electric Power by 0.4% in the second quarter. Strategic Advisors LLC now owns 10,175 shares of the utilities provider’s stock worth $707,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

American Electric Power Company Inc (NYSE AEP) opened at $76.93 on Monday. 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 $37,840.75, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 4.48 and a beta of 0.30. American Electric Power Company Inc has a 52-week low of $60.25 and a 52-week high of $78.07.

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 analysts’ expectations of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS. equities research analysts forecast that American Electric Power Company Inc will post 3.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, November 9th. This represents a $2.48 annualized dividend and a yield of 3.22%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio (DPR) is currently 64.92%.

AEP has been the topic of a number of recent analyst reports. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and issued a $73.00 target price on shares of American Electric Power in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $71.00 target price on shares of American Electric Power in a research note on Monday, September 4th. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the company from $74.00 to $73.00 in a research note on Friday, September 22nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. American Electric Power currently has a consensus rating of “Hold” and an average target price of $73.91.

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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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