First Personal Financial Services maintained its stake in American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,020 shares of the utilities provider’s stock at the end of the second quarter. First Personal Financial Services’ holdings in American Electric Power were worth $210,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AEP. Chicago Partners Investment Group LLC raised its stake in American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after buying an additional 5 shares during the period. Thompson Davis & CO. Inc. raised its stake in American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock worth $117,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in American Electric Power by 0.5% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 2,812 shares of the utilities provider’s stock worth $189,000 after buying an additional 13 shares during the period. Guardian Life Insurance Co. of America raised its stake in American Electric Power by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,897 shares of the utilities provider’s stock worth $127,000 after buying an additional 13 shares during the period. Finally, Alpha Windward LLC raised its stake in American Electric Power by 0.4% in the second quarter. Alpha Windward LLC now owns 3,131 shares of the utilities provider’s stock worth $218,000 after buying an additional 13 shares during the period. Institutional investors and hedge funds own 70.77% of the company’s stock.

American Electric Power Company, Inc. (AEP) opened at 72.16 on Monday. The firm has a market cap of $35.49 billion, a P/E ratio of 62.10 and a beta of 0.30. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $72.97. The stock has a 50 day moving average price of $70.00 and a 200-day moving average price of $68.41.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.07. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same period in the prior year, the firm earned $0.95 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.27%. American Electric Power’s dividend payout ratio (DPR) is currently 203.45%.

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A number of research firms recently commented on AEP. BidaskClub lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC increased their price target on American Electric Power from $68.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) lowered American Electric Power from a “buy” rating to a “neutral” rating and increased their price target for the stock from $68.00 to $70.00 in a research report on Monday, June 26th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.17.

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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