Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,927 shares of the utilities provider’s stock after selling 2,156 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in American Electric Power Company were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AEP. Federated Investors Inc. PA raised its position in shares of American Electric Power Company by 1.6% in the fourth quarter. Federated Investors Inc. PA now owns 3,805,001 shares of the utilities provider’s stock valued at $239,562,000 after buying an additional 60,102 shares during the period. Glenview Trust Co purchased a new position in shares of American Electric Power Company during the fourth quarter valued at approximately $208,000. Aspiriant LLC raised its position in shares of American Electric Power Company by 4.2% in the fourth quarter. Aspiriant LLC now owns 13,788 shares of the utilities provider’s stock valued at $868,000 after buying an additional 560 shares during the period. Teza Capital Management LLC purchased a new position in shares of American Electric Power Company during the fourth quarter valued at approximately $571,000. Finally, Baird Financial Group Inc. raised its position in shares of American Electric Power Company by 4.4% in the fourth quarter. Baird Financial Group Inc. now owns 77,310 shares of the utilities provider’s stock valued at $4,867,000 after buying an additional 3,246 shares during the period. Hedge funds and other institutional investors own 70.91% of the company’s stock.

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

American Electric Power Company, Inc. (AEP) opened at 72.06 on Tuesday. The stock has a 50 day moving average price of $70.02 and a 200-day moving average price of $66.10. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $72.72. The stock has a market cap of $35.43 billion, a PE ratio of 50.53 and a beta of 0.31.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.97 by $0.01. American Electric Power Company had a net margin of 4.31% and a return on equity of 10.78%. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts expect that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.28%. American Electric Power Company’s dividend payout ratio (DPR) is 166.20%.

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Several equities analysts recently issued reports on AEP shares. BidaskClub lowered American Electric Power Company from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Jefferies Group LLC raised their price target on American Electric Power Company from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered American Electric Power Company from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Barclays PLC restated an “overweight” rating and set a $76.00 price target (up from $71.00) on shares of American Electric Power Company in a research report on Sunday, April 23rd. Finally, Mizuho restated a “buy” rating and set a $72.50 price target on shares of American Electric Power Company in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. American Electric Power Company has a consensus rating of “Hold” and a consensus price target of $71.60.

In related news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

American Electric Power Company 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.

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