Ffcm LLC lowered its holdings in American Electric Power Company Inc (NYSE:AEP) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,517 shares of the utilities provider’s stock after selling 1,400 shares during the period. Ffcm LLC’s holdings in American Electric Power were worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ledyard National Bank increased its position in shares of American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 500 shares in the last quarter. Smithfield Trust Co. increased its position in shares of American Electric Power by 8.1% in the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 125 shares in the last quarter. Thompson Davis & CO. Inc. increased its position 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 acquiring an additional 6 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of American Electric Power by 7.2% in the second quarter. Enterprise Financial Services Corp now owns 1,798 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 120 shares in the last quarter. Finally, Vantage Investment Advisors LLC increased its position 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 acquiring an additional 17 shares in the last quarter. 71.29% of the stock is currently owned by institutional investors.

Shares of American Electric Power Company Inc (NYSE AEP) opened at $76.47 on Friday. 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 cap of $37,614.45, a P/E ratio of 21.97, a P/E/G ratio of 4.45 and a beta of 0.29. American Electric Power Company Inc has a fifty-two week low of $57.89 and a fifty-two week high of $77.93.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results 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 company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. analysts anticipate that American Electric Power Company Inc will post 3.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders 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 is a boost from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.24%. American Electric Power’s payout ratio is 64.92%.

Several research analysts have recently weighed in on AEP shares. Bank of America Corporation started coverage on shares of American Electric Power in a research report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $73.00 target price on shares of American Electric Power in a research report on Friday, September 1st. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research report on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Electric Power has a consensus rating of “Hold” and a consensus target price of $73.91.

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American Electric Power 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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