Commerzbank Aktiengesellschaft FI raised its position in American Electric Power Company Inc (NYSE:AEP) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,978 shares of the utilities provider’s stock after buying an additional 839 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Electric Power were worth $3,089,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of American Electric Power by 223.4% during the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after purchasing an additional 6,983,864 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of American Electric Power by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after purchasing an additional 2,762,164 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after purchasing an additional 2,260,303 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after purchasing an additional 2,042,700 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in shares of American Electric Power during the second quarter worth about $122,927,000. 71.01% of the stock is owned by institutional investors.

AEP has been the topic of several research analyst reports. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Bank of America initiated coverage on shares of American Electric Power in a research report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $73.00 price target on shares of American Electric Power in a research report on Friday, September 1st. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Morgan Stanley increased their price target on shares of American Electric Power from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $73.91.

Shares of American Electric Power Company Inc (AEP) opened at $77.39 on Tuesday. The firm has a market cap of $37,993.23, a PE ratio of 22.19, a P/E/G ratio of 4.50 and a beta of 0.30. American Electric Power Company Inc has a 12 month low of $57.90 and a 12 month high of $78.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. American Electric Power’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. analysts expect that American Electric Power Company Inc will post 3.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $0.62 per share. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 annualized dividend and a yield of 3.20%. American Electric Power’s dividend payout ratio is 64.92%.

ILLEGAL ACTIVITY NOTICE: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/05/commerzbank-aktiengesellschaft-fi-has-3-09-million-holdings-in-american-electric-power-company-inc-aep.html.

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)

Receive News & Stock Ratings for American Electric Power Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc and related stocks with our FREE daily email newsletter.