Bridges Investment Management Inc. bought a new position in American Electric Power Company, Inc. (NYSE:AEP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,140 shares of the utilities provider’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brookfield Asset Management Inc. bought a new position in American Electric Power in the 1st quarter worth about $56,864,000. Homrich & Berg boosted its stake in American Electric Power by 2.0% in the 2nd quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 321 shares during the period. Captrust Financial Advisors bought a new position in American Electric Power in the 2nd quarter worth about $630,000. Neuberger Berman Group LLC boosted its stake in American Electric Power by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock worth $50,314,000 after purchasing an additional 37,578 shares during the period. Finally, Regal Investment Advisors LLC boosted its stake in American Electric Power by 18.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 29,681 shares of the utilities provider’s stock worth $2,062,000 after purchasing an additional 4,715 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Shares of American Electric Power Company, Inc. (NYSE:AEP) traded down 0.45% during mid-day trading on Tuesday, hitting $72.79. The stock had a trading volume of 720,874 shares. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $74.59. The company has a market cap of $35.80 billion, a PE ratio of 62.64 and a beta of 0.28. The stock’s 50-day moving average is $72.37 and its 200 day moving average is $70.42.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.32% and a net margin of 3.60%. During the same period last year, the company earned $0.95 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post $3.65 earnings per share for the current fiscal year.

Several research analysts have commented on AEP shares. KeyCorp restated a “buy” rating and issued a $73.00 target price on shares of American Electric Power in a research note on Friday, September 1st. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $70.00 target price on shares of American Electric Power in a research note on Wednesday, July 19th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $73.10.

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American Electric Power Company 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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