Willis Investment Counsel lowered its stake in American Electric Power Company, Inc. (NYSE:AEP) by 9.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,100 shares of the utilities provider’s stock after selling 23,000 shares during the quarter. Willis Investment Counsel’s holdings in American Electric Power were worth $15,707,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Ledyard National Bank grew its stake in American Electric Power by 52.6% during 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 stake in American Electric Power during the 1st quarter valued at approximately $105,000. Chicago Partners Investment Group LLC grew its stake in American Electric Power by 0.3% during 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. Zions Bancorporation grew its stake in 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 purchasing an additional 21 shares in the last quarter. Finally, Thompson Davis & CO. Inc. grew its stake in American Electric Power by 0.3% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

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A number of equities research analysts have weighed in on AEP shares. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. KeyCorp restated a “buy” rating and set a $73.00 price objective on shares of American Electric Power in a research note on Friday, September 1st. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Royal Bank Of Canada restated a “hold” rating and set a $71.00 price objective on shares of American Electric Power in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.23.

American Electric Power Company, Inc. (AEP) traded down 1.02% on Friday, reaching $70.72. The company’s stock had a trading volume of 1,231,286 shares. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $74.59. The stock’s 50 day moving average is $72.53 and its 200-day moving average is $69.78. The firm has a market capitalization of $34.78 billion, a PE ratio of 60.86 and a beta of 0.29.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.75 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 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 period in the previous year, the firm earned $0.95 earnings per share. Analysts predict that American Electric Power Company, Inc. will post $3.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Tuesday, August 8th. American Electric Power’s payout ratio is currently 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.

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

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