ING Groep NV Has $774,000 Position in American Electric Power Company Inc (AEP)

ING Groep NV lessened its position in American Electric Power Company Inc (NYSE:AEP) by 79.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,514 shares of the utilities provider’s stock after selling 40,441 shares during the quarter. ING Groep NV’s holdings in American Electric Power were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of American Electric Power in the 3rd quarter worth about $113,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American Electric Power in the 3rd quarter worth about $140,000. WFG Advisors LP increased its holdings in shares of American Electric Power by 36.3% in the 2nd quarter. WFG Advisors LP now owns 2,039 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 543 shares during the period. TCI Wealth Advisors Inc. increased its holdings in shares of American Electric Power by 54.4% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,261 shares of the utilities provider’s stock worth $159,000 after acquiring an additional 797 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of American Electric Power in the 4th quarter worth about $182,000. 70.74% of the stock is currently owned by institutional investors and hedge funds.

American Electric Power Company Inc (NYSE:AEP) opened at $65.30 on Thursday. American Electric Power Company Inc has a 12-month low of $62.69 and a 12-month high of $78.07. The firm has a market cap of $32,257.85, a PE ratio of 17.92, a PEG ratio of 3.13 and a beta of 0.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.43 and a current ratio of 0.49.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. sell-side analysts expect that American Electric Power Company Inc will post 3.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, February 8th. American Electric Power’s dividend payout ratio (DPR) is 64.08%.

A number of brokerages recently issued reports on AEP. Morgan Stanley upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price for the company in a research report on Wednesday, December 13th. ValuEngine lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Zacks Investment Research lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. UBS Group began coverage on shares of American Electric Power in a research report on Friday, February 2nd. They issued a “buy” rating and a $76.00 target price for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of American Electric Power in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $74.36.

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American Electric Power 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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