Regal Investment Advisors LLC grew its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 35.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,181 shares of the utilities provider’s stock after buying an additional 10,500 shares during the period. Regal Investment Advisors LLC’s holdings in American Electric Power were worth $2,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ledyard National Bank lifted its holdings in shares of American Electric Power by 52.6% during the 2nd quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 500 shares in the last quarter. Smithfield Trust Co. lifted its holdings in shares of American Electric Power by 8.1% during the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 125 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in shares of American Electric Power by 0.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 6 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of American Electric Power by 7.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,798 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 120 shares in the last quarter. Finally, Vantage Investment Advisors LLC lifted its holdings in shares of American Electric Power by 0.9% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock valued at $129,000 after acquiring an additional 17 shares in the last quarter. 71.37% of the stock is owned by institutional investors.

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Shares of American Electric Power Company, Inc. (NYSE:AEP) traded down $0.38 during mid-day trading on Friday, reaching $76.38. 1,719,075 shares of the company’s stock were exchanged, compared to its average volume of 2,199,808. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. The firm has a market cap of $37,570.18, a price-to-earnings ratio of 21.95, a P/E/G ratio of 4.45 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 EPS. research analysts predict that American Electric Power Company, Inc. will post 3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is 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 equities analysts recently weighed in on the stock. BidaskClub upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of American Electric Power in a report on Monday, October 30th. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $75.00 target price (up previously from $73.00) on shares of American Electric Power in a report on Friday, July 28th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. American Electric Power has an average rating of “Hold” and an average target price of $73.91.

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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