Chevy Chase Trust Holdings Inc. raised its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,057 shares of the utilities provider’s stock after acquiring an additional 18,682 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.17% of American Electric Power worth $59,851,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Thompson Davis & CO. Inc. raised its stake in shares of American Electric Power by 0.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in shares of American Electric Power by 0.4% during 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 period. Barry Investment Advisors LLC raised its stake in shares of American Electric Power by 0.4% during 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 period. Sequoia Financial Advisors LLC raised its stake in shares of American Electric Power by 0.3% during 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 period. Finally, Vantage Investment Advisors LLC raised its stake in shares of American Electric Power by 0.9% during 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 period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $76.61 on Friday. American Electric Power Company Inc has a twelve month low of $59.35 and a twelve month high of $78.07. The firm has a market capitalization of $37,742.37, a PE ratio of 22.05, a P/E/G ratio of 4.47 and a beta of 0.30. 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 posted its earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. analysts forecast that American Electric Power Company Inc will post 3.61 earnings per share for the current year.

The business also recently announced 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. This represents a $2.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is presently 64.92%.

AEP has been the topic of a number of recent analyst reports. KeyCorp reiterated a “buy” rating and set a $73.00 target price on shares of American Electric Power in a research note on Friday, September 1st. Bank of America initiated coverage on American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective for the company. Jefferies Group reissued a “hold” rating and issued a $73.00 price objective on shares of American Electric Power in a report on Tuesday, October 3rd. Morgan Stanley lifted their price objective on 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 American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $74.00 to $73.00 in a report on Friday, September 22nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $73.91.

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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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