Public Employees Retirement Association of Colorado Reduces Stake in American Electric Power Company, Inc. (AEP)

Public Employees Retirement Association of Colorado lowered its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,639 shares of the utilities provider’s stock after selling 4,570 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Electric Power were worth $6,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of American Electric Power by 2.5% during the second quarter. Vanguard Group Inc. now owns 34,987,758 shares of the utilities provider’s stock valued at $2,430,599,000 after purchasing an additional 859,169 shares during the period. BlackRock Inc. raised its holdings in shares of American Electric Power by 2,394.3% during the first quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock valued at $2,270,326,000 after purchasing an additional 32,463,953 shares during the period. State Street Corp raised its holdings in shares of American Electric Power by 0.6% during the first quarter. State Street Corp now owns 25,061,133 shares of the utilities provider’s stock valued at $1,682,343,000 after purchasing an additional 153,485 shares during the period. Capital Research Global Investors raised its holdings in shares of American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock valued at $702,392,000 after purchasing an additional 6,983,864 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of American Electric Power by 1.3% during the second quarter. Wells Fargo & Company MN now owns 7,769,068 shares of the utilities provider’s stock valued at $539,718,000 after purchasing an additional 100,204 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Morgan Stanley upped their price objective on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of American Electric Power in a report on Monday, October 30th. Bank of America Corporation assumed coverage on shares of American Electric Power in a report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price objective on the stock. BidaskClub upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $73.00 target price on shares of American Electric Power in a research report on Tuesday, October 3rd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $73.91.

Shares of American Electric Power Company, Inc. (NYSE AEP) opened at $74.08 on Friday. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $74.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.34. The stock has a market cap of $36,435.51, a PE ratio of 21.29, a price-to-earnings-growth ratio of 4.30 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. equities analysts predict that American Electric Power Company, Inc. will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.35%. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 9th. American Electric Power’s dividend payout ratio is presently 61.78%.

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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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