HighPoint Advisor Group LLC Raises Holdings in American Electric Power Company, Inc. (AEP)

HighPoint Advisor Group LLC grew its position in American Electric Power Company, Inc. (NYSE:AEP) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,386 shares of the utilities provider’s stock after buying an additional 1,136 shares during the quarter. HighPoint Advisor Group LLC’s holdings in American Electric Power were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AEP. Ledyard National Bank lifted its holdings in shares of American Electric Power by 52.6% in the 2nd quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after buying an additional 500 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of American Electric Power in the 1st quarter worth $105,000. Zions Bancorporation lifted its holdings in shares of American Electric Power by 1.3% in the 1st quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after buying an additional 21 shares during the period. Smithfield Trust Co. lifted its holdings in shares of American Electric Power by 8.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock worth $117,000 after buying an additional 125 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of 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 worth $121,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.

American Electric Power Company, Inc. (AEP) traded up $1.35 during trading on Tuesday, reaching $76.13. The company’s stock had a trading volume of 2,280,700 shares, compared to its average volume of 2,329,096. 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 $57.89 and a 52 week high of $76.30. The stock has a market capitalization of $36,779.82, a PE ratio of 21.49, a PEG ratio of 4.34 and a beta of 0.29.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. equities research analysts predict that American Electric Power Company, Inc. will post 3.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a $0.62 dividend. The ex-dividend date is Thursday, November 9th. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 3.26%. American Electric Power’s dividend payout ratio (DPR) is 64.92%.

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A number of equities research analysts recently weighed in on AEP shares. KeyCorp restated a “buy” rating and set a $73.00 price objective on shares of American Electric Power in a research note on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $71.00 price objective on shares of American Electric Power in a research note on Monday, September 4th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.91.

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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