Intrust Bank NA grew its position in American Electric Power Company, Inc. (NYSE:AEP) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,920 shares of the utilities provider’s stock after purchasing an additional 2,936 shares during the quarter. Intrust Bank NA’s holdings in American Electric Power were worth $1,118,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ledyard National Bank increased its position in American Electric Power by 52.6% during the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 500 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in American Electric Power during the first quarter worth $105,000. Smithfield Trust Co. increased its position in American Electric Power by 8.1% during the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 125 shares during the period. Zions Bancorporation increased its position in American Electric Power by 1.3% during the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after acquiring an additional 21 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in American Electric Power by 0.3% during the second quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 6 shares during the period. 71.37% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on AEP. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of American Electric Power in a research report on Monday, October 30th. Bank of America Corporation initiated coverage on shares of American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price target on the stock. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. KeyCorp reissued a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a report on Friday, September 1st. Finally, Deutsche Bank AG lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.91.

Shares of American Electric Power Company, Inc. (AEP) traded down $0.71 during trading hours on Monday, hitting $74.78. 2,133,700 shares of the stock traded hands, compared to its average volume of 2,329,320. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $75.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. The firm has a market cap of $37,140.00, a P/E ratio of 21.49, a PEG ratio of 4.34 and a beta of 0.29.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. equities research analysts predict that American Electric Power Company, Inc. will post 3.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, November 9th. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is currently 64.75%.

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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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