Clear Perspective Advisors LLC trimmed its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,576 shares of the utilities provider’s stock after selling 1,582 shares during the quarter. Clear Perspective Advisors LLC’s holdings in American Electric Power were worth $526,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in shares of American Electric Power by 223.4% during the 2nd quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after acquiring an additional 6,983,864 shares during the period. AHL Partners LLP raised its position in shares of American Electric Power by 1,483.4% in the 2nd quarter. AHL Partners LLP now owns 193,065 shares of the utilities provider’s stock worth $13,412,000 after acquiring an additional 180,872 shares in the last quarter. Clinton Group Inc. bought a new position in shares of American Electric Power in the 2nd quarter worth approximately $2,235,000. Tudor Investment Corp ET AL raised its position in shares of American Electric Power by 316.8% in the 2nd quarter. Tudor Investment Corp ET AL now owns 27,018 shares of the utilities provider’s stock worth $1,877,000 after acquiring an additional 20,536 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of American Electric Power by 10.2% in the 2nd quarter. HighTower Advisors LLC now owns 104,631 shares of the utilities provider’s stock valued at $7,278,000 after purchasing an additional 9,655 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Company, Inc. (NYSE:AEP) traded up 1.17% during trading on Wednesday, hitting $71.11. The stock had a trading volume of 1,340,668 shares. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $74.59. The stock has a market capitalization of $34.97 billion, a PE ratio of 61.20 and a beta of 0.28. The stock’s 50-day moving average is $72.46 and its 200-day moving average is $70.13.

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 analysts’ consensus estimates of $0.82 by ($0.07). American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the company earned $0.95 earnings per share. On average, analysts predict that American Electric Power Company, Inc. will post $3.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Thursday, August 10th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Tuesday, August 8th. American Electric Power’s payout ratio is 203.45%.

Several equities research analysts recently weighed in on the company. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. KeyCorp reaffirmed a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a research note on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.20.

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About American Electric Power

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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