American Electric Power Company, Inc. (AEP) Shares Bought by Majedie Asset Management Ltd

Majedie Asset Management Ltd boosted its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 89.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,710 shares of the utilities provider’s stock after buying an additional 80,972 shares during the period. American Electric Power makes up about 1.1% of Majedie Asset Management Ltd’s holdings, making the stock its 24th largest position. Majedie Asset Management Ltd’s holdings in American Electric Power were worth $11,929,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. National Pension Service boosted its stake in American Electric Power by 4.5% in the first quarter. National Pension Service now owns 380,734 shares of the utilities provider’s stock valued at $25,570,000 after buying an additional 16,491 shares during the period. Alpha Windward LLC boosted its stake in American Electric Power by 0.8% in the first quarter. Alpha Windward LLC now owns 3,118 shares of the utilities provider’s stock valued at $209,000 after buying an additional 24 shares during the period. BKD Wealth Advisors LLC boosted its stake in American Electric Power by 10.3% in the first quarter. BKD Wealth Advisors LLC now owns 7,091 shares of the utilities provider’s stock valued at $476,000 after buying an additional 663 shares during the period. Atria Investments LLC boosted its stake in American Electric Power by 5.5% in the first quarter. Atria Investments LLC now owns 3,663 shares of the utilities provider’s stock valued at $246,000 after buying an additional 191 shares during the period. Finally, Integrated Wealth Management boosted its stake in American Electric Power by 4.0% in the first quarter. Integrated Wealth Management now owns 9,686 shares of the utilities provider’s stock valued at $650,000 after buying an additional 371 shares during the period. 70.83% of the stock is owned by institutional investors and hedge funds.

American Electric Power Company, Inc. (NYSE AEP) opened at 71.36 on Friday. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97. The stock has a market cap of $35.10 billion, a PE ratio of 61.41 and a beta of 0.30. The firm has a 50-day moving average price of $69.90 and a 200 day moving average price of $68.03.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the firm posted $0.95 EPS. Equities analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders 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 dividend on an annualized basis and a yield of 3.31%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

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AEP has been the subject of several analyst reports. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub cut American Electric Power from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and set a $70.00 price target on shares of American Electric Power in a research note on Wednesday, July 19th. Finally, Mizuho restated a “buy” rating and set a $72.50 price target on shares of American Electric Power in a research note on Wednesday, April 19th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $72.17.

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

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

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