Moors & Cabot Inc. grew its holdings in American Electric Power Company Inc (NYSE:AEP) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,070 shares of the utilities provider’s stock after acquiring an additional 715 shares during the period. Moors & Cabot Inc.’s holdings in American Electric Power were worth $709,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEP. Thompson Davis & CO. Inc. boosted its holdings 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 buying an additional 6 shares in the last quarter. Vantage Investment Advisors LLC boosted its holdings in American Electric Power by 0.9% during the second quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock worth $129,000 after buying an additional 17 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in American Electric Power during the third quarter worth $140,000. WFG Advisors LP boosted its holdings in American Electric Power by 36.3% during the second quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock worth $142,000 after buying an additional 543 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in American Electric Power during the second quarter worth $147,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

AEP has been the topic of a number of recent analyst reports. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Bank of America initiated coverage on shares of American Electric Power in a report on Tuesday, October 24th. They set a “buy” rating and a $79.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $73.00 price target on shares of American Electric Power in a report on Friday, September 1st. BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $74.82.

American Electric Power Company Inc (NYSE AEP) opened at $76.29 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The firm has a market cap of $37,634.15, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. American Electric Power Company Inc has a 12-month low of $61.03 and a 12-month high of $78.07.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The company 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%. The business’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. equities analysts predict that American Electric Power Company Inc will post 3.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date was Thursday, November 9th. American Electric Power’s dividend payout ratio is 64.92%.

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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.

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

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