Enterprise Financial Services Corp boosted its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 1,798 shares of the utilities provider’s stock after buying an additional 120 shares during the period. Enterprise Financial Services Corp’s holdings in American Electric Power were worth $125,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AEP. Chicago Partners Investment Group LLC raised its stake 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 last quarter. 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. Jackson Grant Investment Advisers Inc. increased its position in American Electric Power by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,812 shares of the utilities provider’s stock worth $189,000 after buying an additional 13 shares during the period. Guardian Life Insurance Co. of America increased its position in American Electric Power by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,897 shares of the utilities provider’s stock worth $127,000 after buying an additional 13 shares during the period. Finally, Alpha Windward LLC increased its position in American Electric Power by 0.4% in the second quarter. Alpha Windward LLC now owns 3,131 shares of the utilities provider’s stock worth $218,000 after buying an additional 13 shares during the period. 70.83% of the stock is owned by institutional investors and hedge funds.

American Electric Power Company, Inc. (NYSE AEP) opened at 70.56 on Friday. The firm’s 50-day moving average is $69.86 and its 200 day moving average is $68.09. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $72.97. The firm has a market cap of $34.70 billion, a PE ratio of 60.72 and a beta of 0.30.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors 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 yield of 3.34%. American Electric Power’s dividend payout ratio (DPR) is 203.45%.

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A number of research firms have commented on AEP. Morgan Stanley increased their price objective 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. Royal Bank Of Canada reiterated a “hold” rating and set a $71.00 price objective on shares of American Electric Power in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective (up from $73.00) on shares of American Electric Power in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $72.17.

In related news, insider Paul Chodak III sold 1,110 shares of the company’s stock in a transaction dated 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 accessible through the SEC website. 0.15% of the stock is owned by corporate 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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