ST Germain D J Co. Inc. Has $376,000 Position in American Electric Power Company, Inc. (NYSE:AEP)

ST Germain D J Co. Inc. continued to hold its stake in American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, Holdings Channel reports. The firm owned 5,416 shares of the utilities provider’s stock at the end of the second quarter. ST Germain D J Co. Inc.’s holdings in American Electric Power were worth $376,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Ledyard National Bank raised its stake in shares of American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after buying an additional 500 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of American Electric Power during the first quarter valued at approximately $105,000. Chicago Partners Investment Group LLC raised its stake in shares of American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after buying an additional 5 shares in the last quarter. Zions Bancorporation raised its stake in shares of American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after buying an additional 21 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in shares of American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after buying an additional 6 shares in the last quarter. 70.83% of the stock is owned by institutional investors and hedge funds.

Shares of American Electric Power Company, Inc. (NYSE AEP) opened at 70.56 on Friday. The company’s 50-day moving average is $69.86 and its 200-day moving average is $68.09. The stock has a market cap of $34.70 billion, a P/E ratio of 60.72 and a beta of 0.30. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $72.97.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.07. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business posted $0.95 EPS. On average, analysts expect that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.34%. American Electric Power’s dividend payout ratio (DPR) is 203.45%.

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Several equities research analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $68.00 to $70.00 in a research note on Monday, June 26th. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a research note on Wednesday, August 2nd. Jefferies Group LLC lifted their price objective on shares of American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Morgan Stanley lifted their price objective on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, BidaskClub lowered shares of American Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.17.

In other news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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