Raymond James Financial Services Advisors Inc. decreased its position in American Electric Power Company, Inc. (NYSE:AEP) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,875 shares of the utilities provider’s stock after selling 11,526 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in American Electric Power were worth $9,965,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its position in American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after acquiring an additional 6,983,864 shares during the period. APG Asset Management N.V. increased its position in American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after acquiring an additional 2,042,700 shares during the period. Epoch Investment Partners Inc. bought a new position in American Electric Power during the second quarter worth $122,927,000. Bank of Montreal Can increased its position in American Electric Power by 35.2% during the second quarter. Bank of Montreal Can now owns 4,366,510 shares of the utilities provider’s stock worth $303,342,000 after acquiring an additional 1,137,941 shares during the period. Finally, Rare Infrastructure Ltd increased its position in American Electric Power by 125.8% during the second quarter. Rare Infrastructure Ltd now owns 1,667,464 shares of the utilities provider’s stock worth $115,839,000 after acquiring an additional 928,943 shares during the period. 71.37% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on AEP. J P Morgan Chase & Co boosted their target price on shares of American Electric Power to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $71.00 target price on shares of American Electric Power in a research report on Wednesday, August 2nd. Deutsche Bank AG lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Morgan Stanley boosted their target price on shares of American Electric Power from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. American Electric Power presently has a consensus rating of “Hold” and a consensus target price of $73.91.

Shares of American Electric Power Company, Inc. (AEP) opened at $76.38 on Friday. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $77.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. The firm has a market cap of $37,570.18, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 4.45 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. equities analysts forecast that American Electric Power Company, Inc. will post 3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, November 9th. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is currently 64.92%.

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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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