Aperio Group LLC Acquires 24,372 Shares of American Electric Power Company, Inc. (AEP)

Aperio Group LLC increased its holdings in American Electric Power Company, Inc. (NYSE:AEP) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,647 shares of the utilities provider’s stock after purchasing an additional 24,372 shares during the period. Aperio Group LLC owned approximately 0.05% of American Electric Power worth $17,816,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AEP. Vanguard Group Inc. increased its holdings in shares of American Electric Power by 2.5% during the second quarter. Vanguard Group Inc. now owns 34,987,758 shares of the utilities provider’s stock worth $2,430,599,000 after buying an additional 859,169 shares in the last quarter. BlackRock Inc. increased its holdings in shares of American Electric Power by 2,394.3% during the first quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock worth $2,270,326,000 after buying an additional 32,463,953 shares in the last quarter. State Street Corp increased its holdings in shares of American Electric Power by 0.6% during the first quarter. State Street Corp now owns 25,061,133 shares of the utilities provider’s stock worth $1,682,343,000 after buying an additional 153,485 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after buying an additional 6,983,864 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of American Electric Power by 1.3% during the second quarter. Wells Fargo & Company MN now owns 7,769,068 shares of the utilities provider’s stock worth $539,718,000 after buying an additional 100,204 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

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Shares of American Electric Power Company, Inc. (AEP) traded up $1.35 during mid-day trading on Tuesday, reaching $76.13. 2,280,700 shares of the company’s stock traded hands, compared to its average volume of 2,329,096. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $76.30. The firm has a market cap of $36,779.82, a price-to-earnings ratio of 21.49, a P/E/G ratio of 4.34 and a beta of 0.29.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. equities analysts expect that American Electric Power Company, Inc. will post 3.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 3.26%. American Electric Power’s payout ratio is currently 64.92%.

AEP has been the subject of a number of research reports. J P Morgan Chase & Co raised their price target on shares of American Electric Power to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $71.00 price target on shares of American Electric Power in a report on Wednesday, August 2nd. Deutsche Bank AG lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Morgan Stanley raised their price objective on shares of American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $73.91.

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.

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

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