Rampart Investment Management Company LLC Has $2.84 Million Holdings in American Electric Power Company Inc (AEP)

Rampart Investment Management Company LLC raised its stake in American Electric Power Company Inc (NYSE:AEP) by 338.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,014 shares of the utilities provider’s stock after purchasing an additional 29,350 shares during the quarter. American Electric Power makes up about 0.8% of Rampart Investment Management Company LLC’s portfolio, making the stock its 29th biggest holding. Rampart Investment Management Company LLC’s holdings in American Electric Power were worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Morgan Stanley boosted its stake in shares of American Electric Power by 24.0% during the 3rd quarter. Morgan Stanley now owns 3,695,743 shares of the utilities provider’s stock worth $261,954,000 after acquiring an additional 714,473 shares during the period. Hanson McClain Inc. boosted its stake in shares of American Electric Power by 18.7% during the 3rd quarter. Hanson McClain Inc. now owns 5,004 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 787 shares during the period. First Hawaiian Bank bought a new position in shares of American Electric Power during the 3rd quarter worth approximately $289,000. Teachers Advisors LLC boosted its stake in shares of American Electric Power by 5.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,283,434 shares of the utilities provider’s stock worth $90,970,000 after acquiring an additional 71,732 shares during the period. Finally, Calamos Advisors LLC boosted its stake in shares of American Electric Power by 6.7% during the 3rd quarter. Calamos Advisors LLC now owns 125,356 shares of the utilities provider’s stock worth $8,885,000 after acquiring an additional 7,889 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Several research analysts have recently commented on AEP shares. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 target price on American Electric Power and gave the stock a “hold” rating in a research note on Friday, January 25th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Bank of America lifted their target price on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. American Electric Power has a consensus rating of “Buy” and a consensus price target of $77.50.

AEP traded up $0.28 during trading on Tuesday, hitting $79.55. The stock had a trading volume of 202,101 shares, compared to its average volume of 2,645,437. The company has a market capitalization of $39.09 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 3.36 and a beta of 0.17. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $81.05. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.46.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.97 billion. American Electric Power had a return on equity of 10.33% and a net margin of 11.91%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts anticipate that American Electric Power Company Inc will post 4.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 8th will be paid a $0.67 dividend. The ex-dividend date is Thursday, February 7th. This represents a $2.68 annualized dividend and a yield of 3.37%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

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American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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