TIAA CREF Investment Management LLC raised its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,847,748 shares of the utilities provider’s stock after purchasing an additional 100,915 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in American Electric Power were worth $283,079,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in American Electric Power by 22.8% during the 3rd quarter. Alps Advisors Inc. now owns 3,684 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 683 shares during the last quarter. Moors & Cabot Inc. raised its position in American Electric Power by 7.6% during the 3rd quarter. Moors & Cabot Inc. now owns 10,070 shares of the utilities provider’s stock worth $709,000 after purchasing an additional 715 shares during the last quarter. CIBC Asset Management Inc raised its position in American Electric Power by 1.1% during the 3rd quarter. CIBC Asset Management Inc now owns 77,744 shares of the utilities provider’s stock worth $5,461,000 after purchasing an additional 824 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in American Electric Power by 16.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,865 shares of the utilities provider’s stock worth $432,000 after purchasing an additional 835 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in American Electric Power by 1.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 43,978 shares of the utilities provider’s stock worth $3,089,000 after purchasing an additional 839 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently issued reports on the company. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Morgan Stanley raised American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price objective for the company in a research report on Wednesday, December 13th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Guggenheim lowered American Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks reissued a “buy” rating and issued a $78.00 price objective on shares of American Electric Power in a research report on Tuesday, January 9th. One investment 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. American Electric Power has an average rating of “Buy” and an average price target of $74.36.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $66.04 on Wednesday. American Electric Power Company Inc has a 12-month low of $63.32 and a 12-month high of $78.07. The company has a market capitalization of $32,408.41, a PE ratio of 17.06, a P/E/G ratio of 3.15 and a beta of 0.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.51 and a quick ratio of 0.40.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue was up .0% compared to the same quarter last year. equities analysts anticipate that American Electric Power Company Inc will post 3.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 9th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s payout ratio is 64.08%.

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American Electric Power Company 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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