Teachers Retirement System of The State of Kentucky cut its position in shares of American Electric Power Company Inc (NYSE:AEP) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,870 shares of the utilities provider’s stock after selling 14,369 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Electric Power were worth $8,142,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Quadrant L P CA acquired a new stake in American Electric Power during the second quarter worth about $118,000. Private Capital Group LLC boosted its position in shares of American Electric Power by 83.9% in the third quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock worth $147,000 after buying an additional 950 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of American Electric Power by 59.4% in the second quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock worth $152,000 after buying an additional 799 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of American Electric Power in the third quarter worth about $178,000. Finally, Providence Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the third quarter worth about $201,000. Institutional investors own 72.55% of the company’s stock.

Several brokerages have recently weighed in on AEP. Barclays set a $84.00 target price on American Electric Power and gave the stock a “buy” rating in a research report on Monday. Bank of America upped their target price on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, October 15th. Finally, Morgan Stanley set a $80.00 target price on American Electric Power and gave the stock a “buy” rating in a research report on Thursday, October 11th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. American Electric Power has a consensus rating of “Buy” and a consensus target price of $76.21.

In related news, insider Paul Chodak III sold 847 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total value of $64,770.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Shares of AEP opened at $77.02 on Monday. The stock has a market capitalization of $37.98 billion and a P/E ratio of 20.93. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $78.07. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.10.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, October 25th. The utilities provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.26 billion. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, research analysts anticipate that American Electric Power Company Inc will post 3.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.68 dividend on an annualized basis and a yield of 3.48%. This is an increase from American Electric Power’s previous quarterly dividend of $0.62. American Electric Power’s dividend payout ratio is currently 72.83%.

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American Electric Power Company 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.

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

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