UBS Asset Management Americas Inc. grew its position in American Electric Power Company, Inc. (NYSE:AEP) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,671,242 shares of the utilities provider’s stock after purchasing an additional 83,907 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.34% of American Electric Power worth $116,101,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ledyard National Bank grew its position in shares of American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of American Electric Power in the first quarter valued at approximately $105,000. Chicago Partners Investment Group LLC grew its position in shares of 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 valued at $107,000 after purchasing an additional 5 shares during the last quarter. Zions Bancorporation grew its position in shares of American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 21 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in shares of 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 valued at $117,000 after purchasing an additional 6 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Shares of American Electric Power Company, Inc. (NYSE:AEP) opened at 71.51 on Thursday. The firm has a 50 day moving average price of $72.53 and a 200-day moving average price of $69.78. The firm has a market cap of $35.17 billion, a P/E ratio of 61.54 and a beta of 0.29. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $74.59.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.95 earnings per share. Analysts forecast that American Electric Power Company, Inc. will post $3.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.29%. American Electric Power’s dividend payout ratio (DPR) is currently 203.45%.

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AEP has been the topic of a number of analyst reports. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price target on shares of American Electric Power in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $71.00 price target on shares of American Electric Power in a research report on Monday, September 4th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.23.

American Electric Power 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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