Comerica Securities Inc. raised its holdings in American Electric Power Company, Inc. (NYSE:AEP) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,535 shares of the utilities provider’s stock after purchasing an additional 119 shares during the period. Comerica Securities Inc.’s holdings in American Electric Power were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ledyard National Bank raised its position in shares of American Electric Power by 52.6% in the 2nd quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at approximately $105,000. Chicago Partners Investment Group LLC raised its position in shares of American Electric Power by 0.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 5 shares in the last quarter. Smithfield Trust Co. raised its position in shares of American Electric Power by 8.1% during the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 125 shares in the last quarter. Finally, Zions Bancorporation raised its position in shares of American Electric Power by 1.3% during the 1st quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 21 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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Several equities research analysts recently issued reports on AEP shares. KeyCorp reissued a “buy” rating and set a $73.00 price target on shares of American Electric Power in a research report on Friday, September 1st. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “hold” rating and set a $71.00 price target on shares of American Electric Power in a research report on Monday, September 4th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.23.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 73.03 on Monday. The firm has a 50-day moving average price of $72.44 and a 200 day moving average price of $69.65. The firm has a market capitalization of $35.92 billion, a price-to-earnings ratio of 62.85 and a beta of 0.29. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $74.59.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.75 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 the consensus estimate 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 business earned $0.95 EPS. On average, analysts anticipate that American Electric Power Company, Inc. will post $3.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.23%. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

American Electric Power 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.

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

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