Cognios Capital LLC grew its stake in American Electric Power Company Inc (NYSE:AEP) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,622 shares of the utilities provider’s stock after buying an additional 2,255 shares during the quarter. Cognios Capital LLC’s holdings in American Electric Power were worth $2,178,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AEP. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 2,762,164 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of American Electric Power by 29.1% in the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after buying an additional 2,260,303 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of American Electric Power by 153.2% in the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after buying an additional 2,042,700 shares during the last quarter. Jennison Associates LLC lifted its position in shares of American Electric Power by 60.0% during the 4th quarter. Jennison Associates LLC now owns 3,125,059 shares of the utilities provider’s stock worth $229,911,000 after purchasing an additional 1,172,085 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of American Electric Power by 36.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,140,524 shares of the utilities provider’s stock worth $290,796,000 after purchasing an additional 1,103,849 shares during the last quarter. 71.12% of the stock is owned by institutional investors.

American Electric Power Company Inc (AEP) opened at $63.38 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $31,702.01, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.08 and a beta of 0.18. American Electric Power Company Inc has a twelve month low of $62.69 and a twelve month high of $78.07.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.48 annualized dividend and a yield of 3.91%. American Electric Power’s dividend payout ratio (DPR) is 64.08%.

Several equities analysts recently weighed in on the company. UBS Group assumed coverage on American Electric Power in a research report on Friday, February 2nd. They set a “buy” rating and a $76.00 price objective for the company. Macquarie raised American Electric Power from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $76.00 in a research report on Monday, January 22nd. Deutsche Bank raised American Electric Power from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $68.25 to $75.00 in a research report on Thursday, January 18th. Mizuho raised American Electric Power from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. Finally, SunTrust Banks reissued a “buy” rating and set a $78.00 price objective on shares of American Electric Power in a research report on Tuesday, January 9th. One research 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 company presently has an average rating of “Buy” and a consensus target price of $75.43.

WARNING: “Cognios Capital LLC Has $2.18 Million Holdings in American Electric Power Company Inc (AEP)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/02/09/cognios-capital-llc-has-2-18-million-holdings-in-american-electric-power-company-inc-aep.html.

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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company Inc (NYSE:AEP).

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

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.