Gamble Jones Investment Counsel boosted its stake in American Electric Power Company, Inc. (NYSE:AEP) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,722 shares of the utilities provider’s stock after buying an additional 9 shares during the period. Gamble Jones Investment Counsel’s holdings in American Electric Power were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpha Windward LLC increased its position in American Electric Power by 0.8% in the first quarter. Alpha Windward LLC now owns 3,118 shares of the utilities provider’s stock valued at $209,000 after buying an additional 24 shares in the last quarter. BKD Wealth Advisors LLC increased its position in American Electric Power by 10.3% in the first quarter. BKD Wealth Advisors LLC now owns 7,091 shares of the utilities provider’s stock valued at $476,000 after buying an additional 663 shares in the last quarter. Atria Investments LLC increased its position in American Electric Power by 5.5% in the first quarter. Atria Investments LLC now owns 3,663 shares of the utilities provider’s stock valued at $246,000 after buying an additional 191 shares in the last quarter. Integrated Wealth Management increased its position in American Electric Power by 4.0% in the first quarter. Integrated Wealth Management now owns 9,686 shares of the utilities provider’s stock valued at $650,000 after buying an additional 371 shares in the last quarter. Finally, BLB&B Advisors LLC increased its position in American Electric Power by 0.5% in the first quarter. BLB&B Advisors LLC now owns 10,466 shares of the utilities provider’s stock valued at $703,000 after buying an additional 49 shares in the last quarter. 70.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Electric Power Company, Inc. (NYSE AEP) opened at 70.56 on Friday. The company has a 50 day moving average of $69.86 and a 200-day moving average of $68.09. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97. The company has a market cap of $34.70 billion, a PE ratio of 60.72 and a beta of 0.30.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, August 8th. American Electric Power’s payout ratio is 203.45%.

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AEP has been the topic of several research reports. Mizuho reaffirmed a “buy” rating and set a $72.50 price objective on shares of American Electric Power in a report on Wednesday, April 19th. Barclays PLC reaffirmed an “overweight” rating and set a $76.00 price objective (up previously from $71.00) on shares of American Electric Power in a report on Sunday, April 23rd. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Jefferies Group LLC upped their price objective on American Electric Power from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, BidaskClub downgraded American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. American Electric Power currently has an average rating of “Hold” and an average target price of $72.17.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total value of $75,702.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by insiders.

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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