Quantbot Technologies LP purchased a new position in American Electric Power Company, Inc. (NYSE:AEP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,117 shares of the utilities provider’s stock, valued at approximately $147,000.

Several other institutional investors have also made changes to their positions in AEP. Thompson Davis & CO. Inc. grew its holdings in shares of American Electric Power by 0.3% during 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 in the last quarter. Smith Moore & CO. grew its holdings in shares of American Electric Power by 0.4% during the first quarter. Smith Moore & CO. now owns 3,383 shares of the utilities provider’s stock worth $227,000 after buying an additional 15 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of American Electric Power by 0.9% during the first quarter. Mutual of America Capital Management LLC now owns 59,502 shares of the utilities provider’s stock worth $3,994,000 after buying an additional 553 shares in the last quarter. Telos Capital Management Inc. grew its holdings in shares of American Electric Power by 47.1% during the first quarter. Telos Capital Management Inc. now owns 12,550 shares of the utilities provider’s stock worth $843,000 after buying an additional 4,016 shares in the last quarter. Finally, Cowen Prime Services LLC grew its holdings in shares of American Electric Power by 26.9% during the first quarter. Cowen Prime Services LLC now owns 7,550 shares of the utilities provider’s stock worth $507,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

American Electric Power Company, Inc. (NYSE AEP) opened at 71.53 on Friday. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $74.59. The company’s 50-day moving average price is $72.43 and its 200 day moving average price is $70.19. The firm has a market capitalization of $35.18 billion, a PE ratio of 61.56 and a beta of 0.28.

American Electric Power (NYSE:AEP) last issued 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). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post $3.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Tuesday, August 8th. American Electric Power’s dividend payout ratio is currently 203.45%.

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AEP has been the subject of a number of research reports. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and set a $73.00 price objective on shares of American Electric Power in a report on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $71.00 price objective on shares of American Electric Power in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $72.89.

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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