Schroder Investment Management Group bought a new position in shares of American Electric Power Company Inc (NYSE:AEP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,897 shares of the utilities provider’s stock, valued at approximately $1,544,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in shares of American Electric Power by 188.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 3,486 shares in the last quarter. Homrich & Berg boosted its holdings in shares of American Electric Power by 2.0% in the 2nd quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 321 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of American Electric Power in the 2nd quarter valued at $630,000. Neuberger Berman Group LLC boosted its holdings in shares of American Electric Power by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock valued at $50,314,000 after purchasing an additional 37,578 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of American Electric Power by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock valued at $1,820,000 after acquiring an additional 861 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

A number of research analysts have recently commented on the company. Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price target for the company in a research note on Wednesday. Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of American Electric Power in a research note on Monday, October 30th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, BidaskClub raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. American Electric Power presently has an average rating of “Hold” and a consensus price target of $74.82.

American Electric Power Company Inc (NYSE AEP) opened at $76.29 on Friday. The stock has a market capitalization of $37,634.15, a PE ratio of 21.99, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. American Electric Power Company Inc has a 12 month low of $61.03 and a 12 month high of $78.07.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The company had revenue of $4.10 billion for 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%. American Electric Power’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. equities research analysts expect that American Electric Power Company Inc will post 3.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were 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 of this dividend was Thursday, November 9th. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is presently 64.92%.

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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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