Neuberger Berman Group LLC lifted its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 802,578 shares of the utilities provider’s stock after acquiring an additional 78,322 shares during the period. Neuberger Berman Group LLC owned approximately 0.16% of American Electric Power worth $56,373,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in American Electric Power by 188.7% during the third quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 3,486 shares during the last quarter. Homrich & Berg boosted its holdings in American Electric Power by 2.0% during the second quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 321 shares during the last quarter. Captrust Financial Advisors purchased a new position in American Electric Power during the second quarter worth about $630,000. Raymond James Trust N.A. boosted its holdings in American Electric Power by 3.4% during the third quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 861 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its holdings in American Electric Power by 18.9% during the second quarter. Regal Investment Advisors LLC now owns 29,681 shares of the utilities provider’s stock worth $2,062,000 after purchasing an additional 4,715 shares during the last quarter. 71.04% of the stock is owned by institutional investors.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $75.50 on Tuesday. The company has a market cap of $37,648.91, a P/E ratio of 21.99, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. American Electric Power Company Inc has a 52 week low of $61.82 and a 52 week high of $78.07.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate 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 was down 12.8% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. research analysts predict that American Electric Power Company Inc will post 3.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, November 9th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is 64.92%.

Several research firms recently weighed in on AEP. Royal Bank of Canada restated a “hold” rating and set a $74.00 price target on shares of American Electric Power in a report on Monday, October 30th. Morgan Stanley upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price on the stock in a research note on Wednesday, December 13th. Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, BidaskClub upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $74.82.

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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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