Davidson Investment Advisors Continues to Hold Stake in American Electric Power Company, Inc. (NYSE:AEP)

Davidson Investment Advisors maintained its stake in American Electric Power Company, Inc. (NYSE:AEP) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,690 shares of the utilities provider’s stock at the end of the first quarter. Davidson Investment Advisors’ holdings in American Electric Power were worth $113,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after buying an additional 5 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock valued at $117,000 after buying an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in American Electric Power by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,897 shares of the utilities provider’s stock valued at $127,000 after buying an additional 13 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in American Electric Power by 19.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,028 shares of the utilities provider’s stock valued at $136,000 after buying an additional 335 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in American Electric Power during the first quarter worth about $168,000. Institutional investors and hedge funds own 70.54% of the company’s stock.

American Electric Power Company, Inc. (AEP) traded down 0.45% during mid-day trading on Friday, hitting $70.88. 1,879,494 shares of the stock were exchanged. The company has a market cap of $34.86 billion, a P/E ratio of 61.00 and a beta of 0.30. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $72.97. The company has a 50-day moving average price of $70.10 and a 200-day moving average price of $67.73.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the business posted $0.95 earnings per share. Analysts forecast that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 annualized dividend and a yield of 3.33%. American Electric Power’s dividend payout ratio (DPR) is currently 203.45%.

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A number of research firms recently issued reports on AEP. Royal Bank Of Canada restated a “hold” rating and set a $71.00 target price on shares of American Electric Power in a research report on Wednesday. BidaskClub upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price objective (up previously from $73.00) on shares of American Electric Power in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price objective on shares of American Electric Power in a research report on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $72.09.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

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.

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

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