River Wealth Advisors LLC raised its stake in American Electric Power Company, Inc. (NYSE:AEP) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 17,750 shares of the utilities provider’s stock after buying an additional 30 shares during the period. River Wealth Advisors LLC’s holdings in American Electric Power were worth $1,233,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AEP. Alpha Windward LLC increased its position in shares of American Electric Power by 0.8% in the first quarter. Alpha Windward LLC now owns 3,118 shares of the utilities provider’s stock valued at $209,000 after buying an additional 24 shares in the last quarter. BKD Wealth Advisors LLC increased its position in shares of American Electric Power by 10.3% in the first quarter. BKD Wealth Advisors LLC now owns 7,091 shares of the utilities provider’s stock valued at $476,000 after buying an additional 663 shares in the last quarter. Atria Investments LLC increased its position in shares of American Electric Power by 5.5% in the first quarter. Atria Investments LLC now owns 3,663 shares of the utilities provider’s stock valued at $246,000 after buying an additional 191 shares in the last quarter. Integrated Wealth Management increased its position in shares of American Electric Power by 4.0% in the first quarter. Integrated Wealth Management now owns 9,686 shares of the utilities provider’s stock valued at $650,000 after buying an additional 371 shares in the last quarter. Finally, BLB&B Advisors LLC increased its position in shares of American Electric Power by 0.5% in the first quarter. BLB&B Advisors LLC now owns 10,466 shares of the utilities provider’s stock valued at $703,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

American Electric Power Company, Inc. (NYSE AEP) opened at 70.56 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 cap of $34.70 billion, a PE ratio of 60.72 and a beta of 0.30. The firm has a 50 day moving average price of $69.86 and a 200 day moving average price of $68.09.

American Electric Power (NYSE:AEP) last posted its earnings results 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.95 earnings per share. On average, analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

The company also recently announced 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 3.34%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

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Several equities research analysts recently commented on the company. Mizuho reissued a “buy” rating and set a $72.50 target price on shares of American Electric Power in a report on Wednesday, April 19th. Barclays PLC reissued an “overweight” rating and set a $76.00 target price (up previously from $71.00) on shares of American Electric Power in a report on Sunday, April 23rd. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Jefferies Group LLC boosted their target price on American Electric Power from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, BidaskClub cut American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.17.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total value of $75,702.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

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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