BT Investment Management Ltd increased its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 72.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 121,748 shares of the utilities provider’s stock after buying an additional 51,011 shares during the quarter. BT Investment Management Ltd’s holdings in American Electric Power were worth $8,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in American Electric Power by 3.2% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 82,485 shares of the utilities provider’s stock valued at $5,922,000 after purchasing an additional 2,546 shares during the period. Cypress Wealth Services LLC acquired a new position in American Electric Power during the fourth quarter valued at $456,000. Rand Wealth LLC lifted its position in American Electric Power by 27.4% during the fourth quarter. Rand Wealth LLC now owns 4,815 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 1,035 shares during the period. Calton & Associates Inc. acquired a new position in American Electric Power during the fourth quarter valued at $304,000. Finally, Huntington National Bank lifted its position in American Electric Power by 12.6% during the fourth quarter. Huntington National Bank now owns 73,558 shares of the utilities provider’s stock valued at $5,412,000 after purchasing an additional 8,227 shares during the period. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

AEP has been the subject of a number of research reports. ValuEngine downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Bank of America initiated coverage on shares of American Electric Power in a research report on Tuesday, October 24th. They set a “buy” rating and a $79.00 target price for the company. SunTrust Banks restated a “buy” rating and set a $78.00 target price on shares of American Electric Power in a research report on Tuesday, January 9th. Deutsche Bank downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Mizuho upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $75.43.

American Electric Power Company Inc (AEP) opened at $64.45 on Thursday. The firm has a market cap of $31,928.28, a PE ratio of 17.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.18. American Electric Power Company Inc has a 1 year low of $62.69 and a 1 year high of $78.07. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.49 and a quick ratio of 0.43.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.92 billion. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. sell-side analysts expect that American Electric Power Company Inc will post 3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.85%. American Electric Power’s dividend payout ratio (DPR) is currently 64.08%.

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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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