Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in American Electric Power Company Inc (NYSE:AEP) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the utilities provider’s stock after buying an additional 3,469 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Electric Power were worth $2,810,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Thompson Davis & CO. Inc. increased its holdings in American Electric Power by 0.3% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. grew its holdings in shares of American Electric Power by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,824 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 12 shares during the last quarter. Barry Investment Advisors LLC grew its holdings in shares of American Electric Power by 0.4% in the 2nd quarter. Barry Investment Advisors LLC now owns 4,187 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 17 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of American Electric Power by 0.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 17 shares during the last quarter. Finally, Vantage Investment Advisors LLC grew its holdings in shares of American Electric Power by 0.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 17 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Electric Power Company Inc (AEP) traded up $0.49 during trading hours on Friday, reaching $77.63. 3,201,700 shares of the company’s stock were exchanged, compared to its average volume of 2,306,116. American Electric Power Company Inc has a 12-month low of $57.89 and a 12-month high of $77.93. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The company has a market cap of $37,900.00, a price-to-earnings ratio of 22.13, a P/E/G ratio of 4.49 and a beta of 0.29.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.48 dividend on an annualized basis and a yield of 3.19%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is currently 64.75%.

AEP has been the topic of several analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $73.00 target price on shares of American Electric Power in a report on Friday, September 1st. Bank of America initiated coverage on shares of American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 target price on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $73.00 target price on shares of American Electric Power in a report on Tuesday, October 3rd. Morgan Stanley upped 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 report on Thursday, August 10th. Finally, Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $74.00 to $73.00 in a report on Friday, September 22nd. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.91.

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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.

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

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