HL Financial Services LLC boosted its stake in shares of American Electric Power Co. (NYSE:AEP) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,959 shares of the company’s stock after buying an additional 4,062 shares during the period. HL Financial Services LLC’s holdings in American Electric Power were worth $5,955,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Torch Wealth Management LLC raised its position in shares of American Electric Power by 0.7% in the second quarter. Torch Wealth Management LLC now owns 3,171 shares of the company’s stock valued at $222,000 after buying an additional 21 shares in the last quarter. MCF Advisors LLC raised its position in shares of American Electric Power by 0.9% in the first quarter. MCF Advisors LLC now owns 2,793 shares of the company’s stock valued at $185,000 after buying an additional 24 shares in the last quarter. Ancora Inverness LLC raised its position in shares of American Electric Power by 0.8% in the first quarter. Ancora Inverness LLC now owns 6,347 shares of the company’s stock valued at $421,000 after buying an additional 48 shares in the last quarter. Cape Cod Five Cents Savings Bank raised its position in shares of American Electric Power by 1.1% in the second quarter. Cape Cod Five Cents Savings Bank now owns 5,022 shares of the company’s stock valued at $352,000 after buying an additional 57 shares in the last quarter. Finally, Investment House LLC raised its position in shares of American Electric Power by 0.7% in the second quarter. Investment House LLC now owns 7,957 shares of the company’s stock valued at $558,000 after buying an additional 57 shares in the last quarter. 68.74% of the stock is owned by institutional investors and hedge funds.

American Electric Power Co. (NYSE:AEP) traded up 1.82% during midday trading on Wednesday, hitting $66.19. The company’s stock had a trading volume of 3,381,417 shares. The company’s 50-day moving average is $65.97 and its 200 day moving average is $66.19. The company has a market cap of $32.55 billion, a price-to-earnings ratio of 16.34 and a beta of 0.24. American Electric Power Co. has a one year low of $53.30 and a one year high of $71.32.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $0.88 earnings per share. American Electric Power’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that American Electric Power Co. will post $3.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.38%. American Electric Power’s payout ratio is currently 55.17%.

AEP has been the subject of several recent analyst reports. Jefferies Group lowered American Electric Power from a “buy” rating to a “hold” rating and lowered their price target for the stock from $77.00 to $67.00 in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, September 13th. KeyCorp reaffirmed an “outperform” rating and issued a $72.50 price target (up previously from $69.00) on shares of American Electric Power in a research report on Saturday, July 2nd. Morgan Stanley reaffirmed a “hold” rating on shares of American Electric Power in a research report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. raised American Electric Power from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $73.00 in a research report on Tuesday, July 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. American Electric Power has a consensus rating of “Buy” and a consensus target price of $67.39.

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 Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

5 Day Chart for NYSE:AEP

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