Ecofin Ltd. lifted its holdings in shares of American Electric Power Company, Inc. (NYSE:AEP) by 33.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,966 shares of the utilities provider’s stock after acquiring an additional 23,368 shares during the quarter. American Electric Power makes up 1.6% of Ecofin Ltd.’s portfolio, making the stock its 20th biggest position. Ecofin Ltd.’s holdings in American Electric Power were worth $6,528,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AEP. Ledyard National Bank raised its holdings in shares of American Electric Power by 52.6% during the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 500 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of American Electric Power during the first quarter valued at approximately $105,000. Chicago Partners Investment Group LLC raised its holdings in shares of American Electric Power by 0.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 5 shares in the last quarter. Zions Bancorporation raised its holdings in shares of American Electric Power by 1.3% during the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 21 shares in the last quarter. Finally, Smithfield Trust Co. raised its holdings in shares of American Electric Power by 8.1% during the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

A number of brokerages recently commented on AEP. J P Morgan Chase & Co upped their target price on American Electric Power to $75.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley upped their target price on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and set a $71.00 target price on shares of American Electric Power in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $73.00 target price on shares of American Electric Power in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.10.

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Shares of American Electric Power Company, Inc. (NYSE AEP) traded down 0.25% during midday trading on Friday, reaching $73.16. The company had a trading volume of 1,943,775 shares. The firm’s 50 day moving average price is $72.37 and its 200-day moving average price is $70.40. The stock has a market capitalization of $35.98 billion, a price-to-earnings ratio of 62.96 and a beta of 0.28. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $74.59.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the firm posted $0.95 EPS. Equities research analysts expect that American Electric Power Company, Inc. will post $3.65 EPS for the current fiscal year.

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.

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

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