Gotham Asset Management LLC grew its stake in American Electric Power Company, Inc. (NYSE:AEP) by 48.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,468 shares of the utilities provider’s stock after buying an additional 2,433 shares during the quarter. Gotham Asset Management LLC’s holdings in American Electric Power were worth $519,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of American Electric Power by 54.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 239,820 shares of the utilities provider’s stock valued at $16,659,000 after buying an additional 84,805 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of American Electric Power by 745.6% in the 2nd quarter. Janus Henderson Group PLC now owns 524,532 shares of the utilities provider’s stock valued at $36,440,000 after buying an additional 462,501 shares during the period. Capital Research Global Investors lifted its holdings in shares of American Electric Power by 223.4% in the 2nd quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock valued at $702,392,000 after buying an additional 6,983,864 shares during the period. AHL Partners LLP lifted its holdings in shares of American Electric Power by 1,483.4% in the 2nd quarter. AHL Partners LLP now owns 193,065 shares of the utilities provider’s stock valued at $13,412,000 after buying an additional 180,872 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of American Electric Power in the 2nd quarter valued at about $2,235,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the company. J P Morgan Chase & Co boosted their price objective on American Electric Power to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) cut American Electric Power from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Monday, June 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a report on Wednesday, August 2nd. Deutsche Bank AG cut American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $73.10.

American Electric Power Company, Inc. (AEP) opened at 73.83 on Friday. The stock has a market cap of $36.31 billion, a price-to-earnings ratio of 63.54 and a beta of 0.28. The company has a 50 day moving average price of $72.34 and a 200 day moving average price of $70.55. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $74.59.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.07). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts expect that American Electric Power Company, Inc. will post $3.65 EPS for the current fiscal year.

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.

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

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