Swiss National Bank grew its stake in American Electric Power Company Inc (NYSE:AEP) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,143,989 shares of the utilities provider’s stock after acquiring an additional 226,700 shares during the quarter. Swiss National Bank’s holdings in American Electric Power were worth $157,733,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new position in shares of American Electric Power in the 3rd quarter valued at $113,000. Bank of Nova Scotia Trust Co. purchased a new position in shares of American Electric Power in the 3rd quarter valued at $140,000. WFG Advisors LP grew its stake in American Electric Power by 36.3% during the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock worth $142,000 after buying an additional 543 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in American Electric Power by 54.4% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the utilities provider’s stock worth $159,000 after buying an additional 797 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in American Electric Power during the 4th quarter worth $182,000. Institutional investors and hedge funds own 71.12% of the company’s stock.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $64.72 on Friday. American Electric Power Company Inc has a 52-week low of $62.69 and a 52-week high of $78.07. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.43 and a current ratio of 0.49. The company has a market capitalization of $31,830.00, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. American Electric Power had a return on equity of 10.05% and a net margin of 12.39%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up .0% compared to the same quarter last year. equities analysts forecast 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 given a dividend of $0.62 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. American Electric Power’s dividend payout ratio is currently 64.75%.

Several brokerages recently weighed in on AEP. UBS Group began coverage on American Electric Power in a research note on Friday, February 2nd. They set a “buy” rating and a $76.00 target price on the stock. Macquarie upgraded American Electric Power from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $76.00 in a research note on Monday, January 22nd. Deutsche Bank upgraded American Electric Power from a “hold” rating to a “buy” rating and boosted their target price for the stock from $68.25 to $75.00 in a research note on Thursday, January 18th. Mizuho upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Finally, SunTrust Banks restated a “buy” rating and set a $78.00 target price on shares of American Electric Power in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $75.43.

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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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