Strategic Advisors LLC Grows Stake in American Electric Power Company, Inc. (AEP)

Strategic Advisors LLC grew its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,175 shares of the utilities provider’s stock after acquiring an additional 36 shares during the period. Strategic Advisors LLC’s holdings in American Electric Power were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of American Electric Power by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 34,128,589 shares of the utilities provider’s stock valued at $2,291,051,000 after acquiring an additional 1,124,366 shares during the period. BlackRock Inc. grew its position in shares of American Electric Power by 2,394.3% during the 1st quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock valued at $2,270,326,000 after acquiring an additional 32,463,953 shares during the period. State Street Corp grew its position in shares of American Electric Power by 0.6% during the 1st quarter. State Street Corp now owns 25,061,133 shares of the utilities provider’s stock valued at $1,682,343,000 after acquiring an additional 153,485 shares during the period. Wells Fargo & Company MN grew its position in shares of American Electric Power by 1.3% during the 2nd quarter. Wells Fargo & Company MN now owns 7,769,068 shares of the utilities provider’s stock valued at $539,718,000 after acquiring an additional 100,204 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of American Electric Power by 3.7% during the 2nd quarter. Alliancebernstein L.P. now owns 6,350,925 shares of the utilities provider’s stock valued at $441,199,000 after acquiring an additional 224,199 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Shares of American Electric Power Company, Inc. (AEP) traded down 0.417% during mid-day trading on Wednesday, hitting $72.805. 680,976 shares of the company were exchanged. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $74.59. The company has a market capitalization of $35.81 billion, a P/E ratio of 62.655 and a beta of 0.29. The company has a 50 day moving average of $72.05 and a 200 day moving average of $69.52.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts anticipate that American Electric Power Company, Inc. will post $3.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.23%. American Electric Power’s dividend payout ratio (DPR) is 203.45%.

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AEP has been the subject of a number of research reports. KeyCorp reissued a “buy” rating and set a $73.00 target price on shares of American Electric Power in a research report on Friday, September 1st. Zacks Investment Research raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley increased their target price on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $75.00 target price (up from $73.00) on shares of American Electric Power in a research report on Friday, July 28th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. American Electric Power has an average rating of “Buy” and a consensus target price of $72.21.

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.

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

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