American Electric Power Company Inc (AEP) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd increased its holdings in American Electric Power Company Inc (NYSE:AEP) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 441,501 shares of the utilities provider’s stock after buying an additional 23,073 shares during the period. AMP Capital Investors Ltd owned about 0.09% of American Electric Power worth $31,012,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smithfield Trust Co. boosted its holdings in shares of American Electric Power by 8.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after buying an additional 125 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in shares of American Electric Power by 0.3% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after buying an additional 6 shares during the period. Enterprise Financial Services Corp boosted its holdings in shares of American Electric Power by 7.2% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,798 shares of the utilities provider’s stock valued at $125,000 after buying an additional 120 shares during the period. Vantage Investment Advisors LLC boosted its holdings in shares of American Electric Power by 0.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock valued at $129,000 after buying an additional 17 shares during the period. Finally, WFG Advisors LP boosted its holdings in shares of American Electric Power by 36.3% in the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock valued at $142,000 after buying an additional 543 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Jefferies Group reissued a “hold” rating and set a $73.00 target price on shares of American Electric Power in a research note on Tuesday, October 3rd. Bank of America assumed coverage on shares of American Electric Power in a research note on Tuesday, October 24th. They set a “buy” rating and a $79.00 target price for the company. Deutsche Bank lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, J P Morgan Chase & Co boosted their target price on shares of American Electric Power to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 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 company currently has a consensus rating of “Hold” and a consensus target price of $73.91.

Shares of American Electric Power Company Inc (AEP) opened at $76.73 on Thursday. American Electric Power Company Inc has a 52-week low of $59.35 and a 52-week high of $78.07. The company has a market cap of $37,516.10, a PE ratio of 21.92, a price-to-earnings-growth ratio of 4.44 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. sell-side analysts anticipate that American Electric Power Company Inc will post 3.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.23%. 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 payout ratio is 64.92%.

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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.

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Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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