DekaBank Deutsche Girozentrale Lowers Holdings in American Electric Power Company, Inc. (AEP)

DekaBank Deutsche Girozentrale decreased its position in American Electric Power Company, Inc. (NYSE:AEP) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 439,759 shares of the utilities provider’s stock after selling 1,110 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of American Electric Power worth $31,818,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in American Electric Power by 188.7% in the third 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 during the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of American Electric Power in the first quarter valued at $56,864,000. Homrich & Berg lifted its position in shares of American Electric Power by 2.0% in the second quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 321 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of American Electric Power in the second quarter valued at $630,000. Finally, Neuberger Berman Group LLC lifted its position in shares of American Electric Power by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock valued at $50,314,000 after acquiring an additional 37,578 shares in the last quarter. 71.37% of the stock is currently owned by institutional investors.

American Electric Power Company, Inc. (NYSE:AEP) traded up $1.35 during midday trading on Tuesday, reaching $76.13. The company had a trading volume of 2,280,700 shares, compared to its average volume of 2,329,096. American Electric Power Company, Inc. has a 1 year low of $57.89 and a 1 year high of $76.30. The stock has a market capitalization of $36,779.82, a P/E ratio of 21.49, a PEG ratio of 4.34 and a beta of 0.29. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. sell-side analysts predict that American Electric Power Company, Inc. will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, November 9th. American Electric Power’s dividend payout ratio (DPR) is 64.92%.

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Several analysts have recently issued reports on AEP shares. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $74.00 to $73.00 in a research report on Friday, September 22nd. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research report on Friday, September 8th. Bank of America Corporation started coverage on American Electric Power in a research report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $70.00 price objective on shares of American Electric Power in a research report on Wednesday, July 19th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Electric Power currently has an average rating of “Hold” and an average price target of $73.91.

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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