Oppenheimer & Co. Inc. trimmed its holdings in American Electric Power Company, Inc. (NYSE:AEP) by 10.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,585 shares of the utilities provider’s stock after selling 5,146 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in American Electric Power were worth $3,028,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEP. Capital Advisors Inc. OK raised its holdings in shares of American Electric Power by 10.2% in the first quarter. Capital Advisors Inc. OK now owns 6,953 shares of the utilities provider’s stock valued at $467,000 after buying an additional 643 shares during the last quarter. First Bank & Trust raised its holdings in shares of American Electric Power by 4.5% in the first quarter. First Bank & Trust now owns 9,492 shares of the utilities provider’s stock valued at $637,000 after buying an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of American Electric Power by 18.4% in the first quarter. Cullen Frost Bankers Inc. now owns 15,793 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 2,450 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its holdings in shares of American Electric Power by 32.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 88,991 shares of the utilities provider’s stock valued at $5,974,000 after buying an additional 22,042 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of American Electric Power by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 4,874 shares of the utilities provider’s stock valued at $327,000 after buying an additional 17 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

AEP has been the subject of a number of research analyst reports. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut American Electric Power from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 price target on shares of American Electric Power in a report on Wednesday, July 19th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.21.

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Shares of American Electric Power Company, Inc. (NYSE AEP) opened at 73.54 on Monday. The company has a market capitalization of $36.17 billion, a PE ratio of 63.29 and a beta of 0.29. The firm’s 50-day moving average price is $71.23 and its 200 day moving average price is $69.10. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $74.29.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.21%. American Electric Power’s dividend payout ratio is presently 203.45%.

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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