First Manhattan Co. continued to hold its stake in shares of American Electric Power Company Inc (NYSE:AEP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,837 shares of the utilities provider’s stock at the end of the first quarter. First Manhattan Co.’s holdings in American Electric Power Company were worth $246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in American Electric Power Company by 1.0% in the third quarter. Advisors Asset Management Inc. now owns 58,152 shares of the utilities provider’s stock worth $3,734,000 after buying an additional 560 shares in the last quarter. United Services Automobile Association boosted its stake in American Electric Power Company by 9.5% in the third quarter. United Services Automobile Association now owns 505,978 shares of the utilities provider’s stock valued at $32,489,000 after buying an additional 44,092 shares during the period. Hartford Investment Management Co. boosted its stake in American Electric Power Company by 1.5% in the third quarter. Hartford Investment Management Co. now owns 122,579 shares of the utilities provider’s stock valued at $7,871,000 after buying an additional 1,781 shares during the period. Huntington National Bank boosted its stake in shares of American Electric Power Company by 16.3% in the third quarter. Huntington National Bank now owns 65,340 shares of the utilities provider’s stock valued at $4,195,000 after buying an additional 9,144 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its stake in shares of American Electric Power Company by 2,533.9% in the third quarter. Winch Advisory Services LLC now owns 33,767 shares of the utilities provider’s stock valued at $2,168,000 after buying an additional 32,485 shares during the last quarter. 68.13% of the stock is owned by institutional investors.

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

Shares of American Electric Power Company Inc (NYSE:AEP) traded up 0.01% during trading on Friday, hitting $68.32. The company had a trading volume of 479,890 shares. The firm’s 50 day moving average is $67.73 and its 200-day moving average is $64.37. The stock has a market capitalization of $33.59 billion, a P/E ratio of 47.91 and a beta of 0.23. American Electric Power Company Inc has a 52 week low of $57.89 and a 52 week high of $71.32.

American Electric Power Company (NYSE:AEP) last released its earnings results on Thursday, April 27th. The utilities provider reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.01. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that American Electric Power Company Inc will post $3.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Monday, May 8th. American Electric Power Company’s payout ratio is presently 190.32%.

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AEP has been the topic of a number of research reports. Barclays PLC reaffirmed a “buy” rating and set a $71.00 target price on shares of American Electric Power Company in a research report on Monday, February 20th. Mizuho reaffirmed a “buy” rating and set a $72.50 target price on shares of American Electric Power Company in a research report on Wednesday, April 19th. Deutsche Bank AG upped their price target on American Electric Power Company from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Jefferies Group LLC upped their price target on American Electric Power Company from $65.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, March 14th. Finally, Zacks Investment Research downgraded American Electric Power Company from a “hold” rating to a “sell” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.60.

In other American Electric Power Company news, insider Lisa M. Barton sold 1,314 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $65.90, for a total value of $86,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

About American Electric Power Company

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.

5 Day Chart for NYSE:AEP

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