Rothschild Asset Management Inc. cut its stake in American Electric Power Company, Inc. (NYSE:AEP) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,697 shares of the utilities provider’s stock after selling 16,866 shares during the period. Rothschild Asset Management Inc. owned approximately 0.10% of American Electric Power worth $34,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Thompson Davis & CO. Inc. boosted its holdings in American Electric Power by 0.3% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 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. 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. Barry Investment Advisors LLC boosted its holdings in American Electric Power by 0.4% in the 2nd quarter. Barry Investment Advisors LLC now owns 4,187 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 17 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in American Electric Power by 0.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 17 shares during the period. 71.29% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have recently issued reports on AEP. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price objective on shares of American Electric Power in a research note on Monday, October 30th. Bank of America Corporation began coverage on shares of American Electric Power in a research note on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective for the company. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. Finally, KeyCorp restated a “buy” rating and issued a $73.00 price objective on shares of American Electric Power in a research note on Friday, September 1st. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. American Electric Power has an average rating of “Hold” and an average target price of $73.91.

American Electric Power Company, Inc. (NYSE AEP) traded up $0.06 on Tuesday, reaching $76.44. 1,614,500 shares of the company’s stock traded hands, compared to its average volume of 2,318,730. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The firm has a market cap of $37,600.00, a PE ratio of 21.95, a PEG ratio of 4.45 and a beta of 0.29. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $77.93.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. sell-side analysts expect that American Electric Power Company, Inc. will post 3.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, November 9th. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio (DPR) is presently 64.75%.

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.

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

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