Kistler Tiffany Companies LLC maintained its position in shares of American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, Holdings Channel reports. The institutional investor owned 2,028 shares of the utilities provider’s stock at the end of the second quarter. Kistler Tiffany Companies LLC’s holdings in American Electric Power were worth $141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ledyard National Bank raised 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 buying an additional 500 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of American Electric Power during the first quarter worth approximately $105,000. Chicago Partners Investment Group LLC raised its position in shares of American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after buying an additional 5 shares during the period. Zions Bancorporation raised its position in shares of American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after buying an additional 21 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in shares of American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock worth $117,000 after buying an additional 6 shares during the period. Institutional investors own 70.83% of the company’s stock.

Shares of American Electric Power Company, Inc. (AEP) opened at 71.36 on Friday. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $72.97. The company has a market capitalization of $35.10 billion, a PE ratio of 61.41 and a beta of 0.30. The firm has a 50-day moving average price of $69.90 and a 200-day moving average price of $68.03.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.07. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.95 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.31%. American Electric Power’s dividend payout ratio is presently 203.45%.

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A number of research analysts recently commented on the company. Morgan Stanley upped their target price on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday. BidaskClub upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 target price on shares of American Electric Power in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. American Electric Power presently has a consensus rating of “Hold” and an average price target of $72.17.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of American Electric Power stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

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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