American Electric Power Company, Inc. (AEP) Position Reduced by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lowered its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 6.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,723 shares of the utilities provider’s stock after selling 334 shares during the period. Trustmark National Bank Trust Department’s holdings in American Electric Power were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AEP. Henderson Group PLC grew its stake in American Electric Power by 1.1% during the first quarter. Henderson Group PLC now owns 62,031 shares of the utilities provider’s stock valued at $4,164,000 after acquiring an additional 700 shares in the last quarter. Princeton Alpha Management LP purchased a new position in American Electric Power during the first quarter valued at approximately $1,210,000. Cobblestone Capital Advisors LLC NY grew its stake in American Electric Power by 3.1% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 3,339 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 100 shares in the last quarter. Suntrust Banks Inc. grew its stake in American Electric Power by 1.1% during the first quarter. Suntrust Banks Inc. now owns 167,307 shares of the utilities provider’s stock valued at $11,230,000 after acquiring an additional 1,890 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in American Electric Power by 120.6% during the first quarter. BNP Paribas Arbitrage SA now owns 533,860 shares of the utilities provider’s stock valued at $35,838,000 after acquiring an additional 291,865 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Shares of American Electric Power Company, Inc. (NYSE:AEP) traded up 0.08% during midday trading on Wednesday, hitting $72.04. 354,644 shares of the stock were exchanged. The firm’s 50-day moving average is $72.53 and its 200 day moving average is $69.78. The firm has a market cap of $35.43 billion, a PE ratio of 62.00 and a beta of 0.29. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $74.59.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the business earned $0.95 earnings per share. On average, analysts forecast that American Electric Power Company, Inc. will post $3.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 203.45%.

Several equities analysts recently commented on AEP shares. BidaskClub cut shares of American Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) cut shares of American Electric Power from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $70.00 in a research note on Monday, June 26th. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $70.00 price target on shares of American Electric Power in a research note on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.23.

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American Electric Power Company 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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