Nordea Investment Management AB lowered its holdings in American Electric Power Company, Inc. (NYSE:AEP) by 95.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,854 shares of the utilities provider’s stock after selling 1,646,155 shares during the period. Nordea Investment Management AB’s holdings in American Electric Power were worth $4,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Chicago Partners Investment Group LLC boosted its holdings in American Electric Power by 0.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 5 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in American Electric Power by 0.3% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in American Electric Power by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,824 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 12 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in American Electric Power by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,897 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 13 shares during the period. Finally, Alpha Windward LLC boosted its holdings in American Electric Power by 0.4% in the 2nd quarter. Alpha Windward LLC now owns 3,131 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 13 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company, Inc. (AEP) opened at 70.24 on Friday. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $74.59. The firm has a market capitalization of $34.55 billion, a PE ratio of 60.45 and a beta of 0.29. The stock has a 50 day moving average of $72.53 and a 200 day moving average of $69.78.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the business posted $0.95 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post $3.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.36%. American Electric Power’s dividend payout ratio (DPR) is currently 203.45%.

A number of analysts have issued reports on the stock. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. KeyCorp reissued a “buy” rating and issued a $73.00 price objective on shares of American Electric Power in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a report on Monday, September 4th. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $73.00 in a report on Friday, September 22nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $71.90.

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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.

Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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