American Electric Power Company, Inc. (AEP) Stake Raised by Telos Capital Management Inc.

Telos Capital Management Inc. boosted its position in American Electric Power Company, Inc. (NYSE:AEP) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,641 shares of the utilities provider’s stock after buying an additional 91 shares during the period. Telos Capital Management Inc.’s holdings in American Electric Power were worth $878,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ledyard National Bank increased 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 worth $101,000 after buying an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of American Electric Power during the first quarter worth about $105,000. Chicago Partners Investment Group LLC increased 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 worth $107,000 after buying an additional 5 shares during the last quarter. Zions Bancorporation increased 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 worth $113,000 after buying an additional 21 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased 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 worth $117,000 after buying an additional 6 shares during the last quarter. 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. The company has a market capitalization of $35.10 billion, a P/E ratio of 61.41 and a beta of 0.30. The stock’s 50 day moving average is $69.90 and its 200-day moving average is $68.03. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the 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 analysts’ expectations of $3.70 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. Analysts predict that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be issued 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 3.31%. American Electric Power’s payout ratio is 203.45%.

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A number of brokerages have issued reports on AEP. Morgan Stanley upped their price objective on shares of American Electric Power from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Thursday. BidaskClub raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a research report on Wednesday, August 2nd. 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 price objective (up from $73.00) on shares of American Electric Power in a research report on Friday, July 28th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently 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 business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by insiders.

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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