American Electric Power Company, Inc. (NYSE:AEP) Position Maintained by Fruth Investment Management

Fruth Investment Management maintained its position in shares of American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,640 shares of the utilities provider’s stock at the end of the second quarter. Fruth Investment Management’s holdings in American Electric Power were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gulf International Bank UK Ltd increased its position in shares of American Electric Power by 2.3% in the first quarter. Gulf International Bank UK Ltd now owns 153,404 shares of the utilities provider’s stock worth $10,298,000 after buying an additional 3,500 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in shares of American Electric Power by 13.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 13,320 shares of the utilities provider’s stock worth $894,000 after buying an additional 1,600 shares during the last quarter. Creative Planning increased its position in shares of American Electric Power by 5.4% in the first quarter. Creative Planning now owns 65,215 shares of the utilities provider’s stock worth $4,378,000 after buying an additional 3,319 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of American Electric Power by 4.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 40,308 shares of the utilities provider’s stock worth $2,706,000 after buying an additional 1,699 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of American Electric Power by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 819,729 shares of the utilities provider’s stock worth $55,022,000 after buying an additional 19,245 shares during the last quarter. 70.83% of the stock is currently owned by institutional investors.

American Electric Power Company, Inc. (NYSE AEP) opened at 70.56 on Friday. The company has a market cap of $34.70 billion, a PE ratio of 60.72 and a beta of 0.30. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $72.97. The company has a 50-day moving average of $69.86 and a 200-day moving average of $68.09.

American Electric Power (NYSE:AEP) last posted 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. 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 during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the firm earned $0.95 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.34%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

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A number of brokerages have issued reports on AEP. BidaskClub downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $70.00 in a research report on Monday, June 26th. Jefferies Group LLC boosted their target price on shares of American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a report on Friday, April 28th. Mizuho restated a “buy” rating and set a $72.50 target price on shares of American Electric Power in a report on Wednesday, April 19th. Finally, Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.17.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of American Electric Power stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

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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