Barings LLC Sells 1,400 Shares of American Electric Power Company Inc (AEP)

Barings LLC lessened its stake in American Electric Power Company Inc (NYSE:AEP) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,511 shares of the utilities provider’s stock after selling 1,400 shares during the period. Barings LLC’s holdings in American Electric Power were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AEP. Smithfield Trust Co. boosted its holdings in American Electric Power by 8.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 125 shares in the last quarter. Thompson Davis & CO. Inc. boosted its holdings in American Electric Power by 0.3% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 6 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in American Electric Power by 7.2% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,798 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 120 shares in the last quarter. Vantage Investment Advisors LLC boosted its holdings in American Electric Power by 0.9% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 17 shares in the last quarter. Finally, WFG Advisors LP boosted its holdings in American Electric Power by 36.3% in the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

A number of equities research analysts have weighed in on AEP shares. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $74.00 to $73.00 in a report on Friday, September 22nd. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. Bank of America started coverage on American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of American Electric Power in a report on Monday, October 30th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $73.00 price objective on shares of American Electric Power in a report on Tuesday, October 3rd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $73.91.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $77.39 on Tuesday. The company has a market capitalization of $37,993.23, a P/E ratio of 22.19, a PEG ratio of 4.50 and a beta of 0.30. 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 Company Inc has a 52 week low of $57.90 and a 52 week high of $78.07.

American Electric Power (NYSE:AEP) last announced its quarterly 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). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.30 EPS. research analysts expect that American Electric Power Company Inc will post 3.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders 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 dividend yield of 3.20%. American Electric Power’s 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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