Capital City Trust Co. FL reduced its stake in American Electric Power Company, Inc. (NYSE:AEP) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,332 shares of the utilities provider’s stock after selling 2,075 shares during the period. Capital City Trust Co. FL’s holdings in American Electric Power were worth $2,455,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ledyard National Bank increased its stake in American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after buying an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of American Electric Power during the first quarter worth $105,000. Chicago Partners Investment Group LLC increased its stake in shares of American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after buying an additional 5 shares in the last quarter. Zions Bancorporation increased its stake in shares of American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after buying an additional 21 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its stake in shares of American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock worth $117,000 after buying an additional 6 shares in the last quarter. 70.83% of the stock is owned by institutional investors.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 71.35 on Wednesday. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $72.97. The company’s 50-day moving average is $70.02 and its 200 day moving average is $67.80. The firm has a market capitalization of $35.09 billion, a price-to-earnings ratio of 61.40 and a beta of 0.30.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.07. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same period last year, the business posted $0.95 EPS. On average, analysts expect that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Tuesday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

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A number of equities research analysts recently weighed in on AEP shares. Mizuho reaffirmed a “buy” rating and set a $72.50 price objective on shares of American Electric Power in a research report on Wednesday, April 19th. Deutsche Bank AG boosted their price objective on shares of American Electric Power from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. BidaskClub downgraded shares of American Electric Power from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Finally, Zacks Investment Research raised shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.09.

In other news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were 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 SEC, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

About American Electric Power

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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