Exxonmobil Investment Management Inc. TX Has $6.56 Million Stake in American Electric Power Company, Inc. (NYSE:AEP)

Exxonmobil Investment Management Inc. TX decreased its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,408 shares of the utilities provider’s stock after selling 14,784 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in American Electric Power were worth $6,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AEP. Chicago Partners Investment Group LLC boosted its position 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. Thompson Davis & CO. Inc. boosted its position 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. Jackson Grant Investment Advisers Inc. boosted its position in shares of American Electric Power by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,812 shares of the utilities provider’s stock worth $189,000 after buying an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position 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 worth $127,000 after buying an additional 13 shares during the last quarter. Finally, Smith Moore & CO. boosted its position in shares of American Electric Power by 0.4% in the first quarter. Smith Moore & CO. now owns 3,383 shares of the utilities provider’s stock worth $227,000 after buying an additional 15 shares during the last quarter. 70.77% of the stock is owned by institutional investors.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 72.16 on Friday. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $72.97. The firm’s 50-day moving average price is $70.00 and its 200 day moving average price is $68.41. The company has a market capitalization of $35.49 billion, a PE ratio of 62.10 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by $0.07. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the prior year, the business posted $0.95 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.27%. American Electric Power’s dividend payout ratio is presently 203.45%.

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A number of research analysts have issued reports on the company. BidaskClub cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut American Electric Power from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $68.00 to $70.00 in a report on Monday, June 26th. Jefferies Group LLC lifted their price objective on American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.17.

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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