WINTON GROUP Ltd purchased a new position in American Electric Power Company Inc (NYSE:AEP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 46,190 shares of the utilities provider’s stock, valued at approximately $3,244,000.

Several other large investors also recently modified their holdings of AEP. Vanguard Group Inc. grew its position in shares of American Electric Power by 2.5% during the second quarter. Vanguard Group Inc. now owns 34,987,758 shares of the utilities provider’s stock worth $2,430,599,000 after acquiring an additional 859,169 shares during the last quarter. Capital Research Global Investors grew its position in shares of 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 last quarter. Wells Fargo & Company MN grew its position in shares of American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after acquiring an additional 2,260,303 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in American Electric Power by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after purchasing an additional 2,762,164 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in American Electric Power by 3.7% in the second quarter. Alliancebernstein L.P. now owns 6,350,925 shares of the utilities provider’s stock worth $441,199,000 after purchasing an additional 224,199 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Several research firms recently weighed in on AEP. J P Morgan Chase & Co upped their price objective on shares of American Electric Power to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Deutsche Bank downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Morgan Stanley upped their price target on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, KeyCorp reissued a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a report on Friday, September 1st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power has a consensus rating of “Hold” and a consensus target price of $73.91.

American Electric Power Company Inc (AEP) opened at $77.24 on Friday. The firm has a market capitalization of $38,185.06, a PE ratio of 22.31, a PEG ratio of 4.52 and a beta of 0.30. American Electric Power Company Inc has a twelve month low of $57.90 and a twelve month high of $77.97. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 business 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 company earned $1.30 EPS. American Electric Power’s revenue for the quarter was down 12.8% on a year-over-year basis. sell-side analysts forecast that American Electric Power Company Inc will post 3.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is currently 64.92%.

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About American Electric Power

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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