Affinity Investment Advisors LLC lowered its holdings in American Electric Power Company Inc (NYSE:AEP) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 103,108 shares of the utilities provider’s stock after selling 4,820 shares during the quarter. Affinity Investment Advisors LLC’s holdings in American Electric Power were worth $7,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in American Electric Power by 188.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 3,486 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of American Electric Power by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock worth $1,820,000 after acquiring an additional 861 shares during the period. California Public Employees Retirement System lifted its holdings in shares of American Electric Power by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,234,413 shares of the utilities provider’s stock worth $86,705,000 after acquiring an additional 75,260 shares during the period. W. E. Donoghue & Co. LLC bought a new stake in shares of American Electric Power during the 2nd quarter worth approximately $2,148,000. Finally, Commonwealth Equity Services Inc lifted its holdings in shares of American Electric Power by 1.2% during the 3rd quarter. Commonwealth Equity Services Inc now owns 207,463 shares of the utilities provider’s stock worth $14,572,000 after acquiring an additional 2,385 shares during the period. 71.12% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on AEP. Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Morgan Stanley raised shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price target for the company in a report on Wednesday, December 13th. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of American Electric Power in a report on Monday, October 30th. Finally, Bank of America began coverage on shares of American Electric Power in a report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.43.

American Electric Power Company Inc (NYSE:AEP) opened at $63.38 on Friday. The company has a market cap of $31,180.00, a P/E ratio of 16.55, a P/E/G ratio of 3.10 and a beta of 0.18. 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 Company Inc has a 52 week low of $62.69 and a 52 week high of $78.07.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. equities analysts expect that American Electric Power Company Inc will post 3.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, February 8th. American Electric Power’s payout ratio is 64.75%.

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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.

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

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