Teachers Advisors LLC Increases Stake in American Electric Power Company, Inc. (AEP)

Teachers Advisors LLC grew its position in American Electric Power Company, Inc. (NYSE:AEP) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,389,222 shares of the utilities provider’s stock after purchasing an additional 86,368 shares during the period. Teachers Advisors LLC owned approximately 0.28% of American Electric Power worth $96,509,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its holdings 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 purchasing an additional 5 shares during the period. Thompson Davis & CO. Inc. increased its holdings 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 purchasing an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. increased its holdings in shares of American Electric Power by 0.4% in the second 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. Guardian Life Insurance Co. of America increased its holdings in shares of American Electric Power by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,897 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 13 shares during the period. Finally, Alpha Windward LLC increased its holdings in shares of American Electric Power by 0.4% in the second 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. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 72.3628 on Thursday. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $74.59. The firm has a market capitalization of $35.59 billion, a P/E ratio of 62.2744 and a beta of 0.29. The stock’s 50 day moving average price is $72.16 and its 200-day moving average price is $69.56.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the business posted $0.95 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post $3.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, August 8th. American Electric Power’s dividend payout ratio is 203.45%.

AEP has been the topic of a number of research reports. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered American Electric Power from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 price objective on shares of American Electric Power in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a report on Monday, September 4th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.23.

COPYRIGHT VIOLATION NOTICE: “Teachers Advisors LLC Increases Stake in American Electric Power Company, Inc. (AEP)” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/09/14/teachers-advisors-llc-increases-stake-in-american-electric-power-company-inc-aep.html.

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)

Receive News & Ratings for American Electric Power Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply