Moody National Bank Trust Division continued to hold its position in American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,570 shares of the utilities provider’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in American Electric Power were worth $1,012,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ledyard National Bank increased its position 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 worth $101,000 after buying an additional 500 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in American Electric Power during the first quarter worth about $105,000. Chicago Partners Investment Group LLC increased its position in 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 during the period. Zions Bancorporation increased its position in 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 during the period. Finally, Thompson Davis & CO. Inc. increased its position in 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 during the period. Institutional investors and hedge funds own 70.83% of the company’s stock.

Shares of American Electric Power Company, Inc. (AEP) opened at 70.96 on Thursday. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $72.97. The company has a 50 day moving average of $69.93 and a 200-day moving average of $68.01. The company has a market cap of $34.90 billion, a PE ratio of 61.07 and a beta of 0.30.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.07. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. Equities research analysts anticipate that American Electric Power Company, Inc. will post $3.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. American Electric Power’s payout ratio is 203.45%.

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A number of brokerages have recently weighed in on AEP. Goldman Sachs Group, Inc. (The) downgraded American Electric Power from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $68.00 to $70.00 in a research note on Monday, June 26th. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 target price on shares of American Electric Power in a research note on Wednesday, August 2nd. Jefferies Group LLC boosted their target price on American Electric Power from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BidaskClub downgraded American Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.09.

In other news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.15% of the stock is 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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