FDx Advisors Inc. lowered its holdings in American Electric Power Company, Inc. (NYSE:AEP) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,641 shares of the utilities provider’s stock after selling 4,434 shares during the period. FDx Advisors Inc.’s holdings in American Electric Power were worth $3,908,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AEP. BlackRock Inc. raised its holdings in shares of American Electric Power by 2,394.3% in the 1st quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock valued at $2,270,326,000 after acquiring an additional 32,463,953 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of American Electric Power by 223.4% in the 2nd quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock valued at $702,392,000 after acquiring an additional 6,983,864 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of American Electric Power by 153.2% in the 3rd quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock valued at $237,145,000 after acquiring an additional 2,042,700 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of American Electric Power in the 2nd quarter valued at about $122,927,000. Finally, Bank of Montreal Can raised its holdings in shares of American Electric Power by 35.2% in the 2nd quarter. Bank of Montreal Can now owns 4,366,510 shares of the utilities provider’s stock valued at $303,342,000 after acquiring an additional 1,137,941 shares in the last quarter. 72.06% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in 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 initiated coverage on American Electric Power in a report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price objective on the stock. Deutsche Bank AG lowered American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co raised their price target on American Electric Power to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $73.00 price target on shares of American Electric Power in a research report on Tuesday, October 3rd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.91.

American Electric Power Company, Inc. (AEP) traded down $0.71 during mid-day trading on Friday, hitting $74.78. The stock had a trading volume of 2,133,500 shares, compared to its average volume of 2,329,320. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $75.84. 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 stock 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 (NYSE:AEP) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. analysts expect that American Electric Power Company, Inc. will post 3.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 annualized dividend and a dividend yield of 3.32%. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is currently 64.92%.

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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