Swiss National Bank cut its stake in shares of American Electric Power Co. (NYSE:AEP) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,361,689 shares of the company’s stock after selling 14,600 shares during the period. Swiss National Bank owned about 0.28% of American Electric Power worth $87,434,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AEP. Brick & Kyle Associates boosted its stake in shares of American Electric Power by 18.7% in the second quarter. Brick & Kyle Associates now owns 1,430 shares of the company’s stock valued at $100,000 after buying an additional 225 shares during the last quarter. Smithfield Trust Co. boosted its stake in shares of American Electric Power by 14.8% in the third quarter. Smithfield Trust Co. now owns 1,552 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of American Electric Power by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,447 shares of the company’s stock valued at $101,000 after buying an additional 12 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of American Electric Power during the second quarter valued at approximately $104,000. Finally, Krilogy Financial LLC boosted its stake in shares of American Electric Power by 105.2% in the second quarter. Krilogy Financial LLC now owns 1,531 shares of the company’s stock valued at $107,000 after buying an additional 785 shares during the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.

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

American Electric Power Co. (NYSE:AEP) opened at 60.90 on Tuesday. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 42.41 and a beta of 0.23. American Electric Power Co. has a 52 week low of $54.08 and a 52 week high of $71.32. The company has a 50 day moving average price of $61.65 and a 200-day moving average price of $65.32.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.68 billion. American Electric Power had a return on equity of 10.25% and a net margin of 4.37%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. Equities analysts predict that American Electric Power Co. will post $3.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.59 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.95%. American Electric Power’s payout ratio is 163.89%.

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Several equities research analysts recently commented on AEP shares. KeyCorp set a $72.50 price target on American Electric Power and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, September 13th. SunTrust Banks Inc. upped their target price on American Electric Power from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Jefferies Group reaffirmed a “hold” rating and set a $62.00 target price (down previously from $66.50) on shares of American Electric Power in a research report on Monday, November 14th. Finally, Evercore ISI cut American Electric Power from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.50.

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 Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

5 Day Chart for NYSE:AEP

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