ProVise Management Group LLC lowered its position in American Electric Power Company, Inc. (NYSE:AEP) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,064 shares of the utilities provider’s stock after selling 4,075 shares during the period. ProVise Management Group LLC’s holdings in American Electric Power were worth $4,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of American Electric Power by 10.4% in the third quarter. Pacer Advisors Inc. now owns 11,733 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 1,107 shares during the period. Stephens Inc. AR grew its holdings in shares of American Electric Power by 2.5% in the third quarter. Stephens Inc. AR now owns 47,582 shares of the utilities provider’s stock worth $3,342,000 after acquiring an additional 1,174 shares during the period. Regal Investment Advisors LLC grew its holdings in shares of American Electric Power by 35.4% in the third quarter. Regal Investment Advisors LLC now owns 40,181 shares of the utilities provider’s stock worth $2,822,000 after acquiring an additional 10,500 shares during the period. Macquarie Group Ltd. grew its holdings in American Electric Power by 2.2% during the third quarter. Macquarie Group Ltd. now owns 493,639 shares of the utilities provider’s stock valued at $34,673,000 after purchasing an additional 10,500 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in American Electric Power by 36.4% during the third quarter. Ameriprise Financial Inc. now owns 4,140,524 shares of the utilities provider’s stock valued at $290,796,000 after purchasing an additional 1,103,849 shares during the period. 71.29% of the stock is owned by institutional investors.

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Several research firms have issued reports on AEP. Morgan Stanley boosted their price target 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 reissued a “hold” rating and set a $71.00 price target on shares of American Electric Power in a report on Wednesday, August 2nd. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. BidaskClub raised American Electric Power from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $73.00 price target on shares of American Electric Power in a report on Tuesday, October 3rd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.91.

Shares of American Electric Power Company, Inc. (AEP) traded up $0.06 during trading on Tuesday, hitting $76.44. The stock had a trading volume of 1,614,500 shares, compared to its average volume of 2,318,730. American Electric Power Company, Inc. has a fifty-two week low of $57.89 and a fifty-two week high of $77.93. The stock has a market capitalization of $37,600.00, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 4.45 and a beta of 0.29. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data 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). The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. American Electric Power’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. analysts forecast that American Electric Power Company, Inc. will post 3.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $0.62 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, November 9th. American Electric Power’s payout ratio is currently 64.75%.

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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