Skandinaviska Enskilda Banken AB publ Increases Stake in American Electric Power Company Inc (AEP)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,790 shares of the utilities provider’s stock after purchasing an additional 5,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in American Electric Power were worth $4,200,000 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 AEP. 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. JPMorgan Chase & Co. raised its holdings in shares of American Electric Power by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock valued at $472,110,000 after purchasing an additional 2,762,164 shares during the period. Wells Fargo & Company MN raised its holdings in shares of American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock valued at $704,464,000 after purchasing an additional 2,260,303 shares during the period. APG Asset Management N.V. raised its holdings in shares of American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock valued at $237,145,000 after purchasing an additional 2,042,700 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of American Electric Power during the second quarter valued at about $122,927,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Shares of American Electric Power Company Inc (NYSE AEP) opened at $77.24 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. American Electric Power Company Inc has a fifty-two week low of $57.90 and a fifty-two week high of $77.97. The firm has a market cap of $37,993.23, a PE ratio of 22.19, a P/E/G ratio of 4.50 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share 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 business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The company’s revenue was down 12.8% on a year-over-year basis. analysts expect that American Electric Power Company Inc will post 3.61 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 3.21%. 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 64.92%.

Several brokerages have recently weighed in on AEP. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 target price on shares of American Electric Power in a report on Monday, October 30th. Bank of America assumed coverage on shares of American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 target price on the stock. Deutsche Bank lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co upped their target price on shares of American Electric Power to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power has an average rating of “Hold” and an average price target of $73.91.

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American Electric Power 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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