Vident Investment Advisory LLC raised its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 15.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,078 shares of the utilities provider’s stock after purchasing an additional 1,877 shares during the quarter. Vident Investment Advisory LLC’s holdings in American Electric Power were worth $975,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. First Quadrant L P CA purchased a new position in shares of American Electric Power during the second quarter valued at $118,000. Optimum Investment Advisors purchased a new position in shares of American Electric Power during the first quarter valued at $141,000. Valeo Financial Advisors LLC increased its stake in shares of American Electric Power by 59.4% during the second quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock valued at $152,000 after buying an additional 799 shares during the period. Bristol John W & Co. Inc. NY purchased a new position in shares of American Electric Power during the first quarter valued at $168,000. Finally, Adviser Investments LLC increased its stake in shares of American Electric Power by 149.7% during the second quarter. Adviser Investments LLC now owns 2,987 shares of the utilities provider’s stock valued at $207,000 after buying an additional 1,791 shares during the period. Institutional investors and hedge funds own 72.48% of the company’s stock.

AEP opened at $72.80 on Tuesday. American Electric Power Company Inc has a 1 year low of $62.71 and a 1 year high of $78.07. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.40 and a current ratio of 0.50. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 3.34 and a beta of 0.09.

American Electric Power (NYSE:AEP) last posted its earnings results on Wednesday, July 25th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.13. American Electric Power had a return on equity of 10.50% and a net margin of 12.09%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts predict that American Electric Power Company Inc will post 3.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Friday, August 10th were paid a $0.62 dividend. The ex-dividend date was Thursday, August 9th. This represents a $2.48 annualized dividend and a yield of 3.41%. American Electric Power’s dividend payout ratio (DPR) is presently 67.39%.

Several equities analysts have recently commented on AEP shares. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Monday, September 10th. They noted that the move was a valuation call. ValuEngine upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Barclays started coverage on American Electric Power in a research note on Tuesday, July 10th. They set an “overweight” rating and a $81.00 price target on the stock. Finally, Goldman Sachs Group upgraded American Electric Power from a “neutral” rating to a “buy” rating and cut their price target for the company from $76.00 to $74.00 in a research note on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $75.76.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

Read More: Asset Allocation

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

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