American Electric Power Company, Inc. (NYSE:AEP) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,535 shares of the utilities provider’s stock after acquiring an additional 303 shares during the quarter. Trexquant Investment LP’s holdings in American Electric Power were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Lowe Brockenbrough & Co. Inc. boosted its position in shares of American Electric Power by 3.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 3,219 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 112 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in American Electric Power by 8.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,522 shares of the utilities provider’s stock valued at $122,000 after buying an additional 118 shares during the period. Parsec Financial Management Inc. raised its holdings in American Electric Power by 4.1% in the 3rd quarter. Parsec Financial Management Inc. now owns 2,962 shares of the utilities provider’s stock valued at $242,000 after buying an additional 118 shares during the period. Kovack Advisors Inc. raised its holdings in American Electric Power by 2.0% in the 2nd quarter. Kovack Advisors Inc. now owns 6,067 shares of the utilities provider’s stock valued at $483,000 after buying an additional 119 shares during the period. Finally, Cadence Bank NA raised its holdings in American Electric Power by 1.0% in the 2nd quarter. Cadence Bank NA now owns 12,616 shares of the utilities provider’s stock valued at $1,005,000 after buying an additional 125 shares during the period. 73.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. KeyCorp boosted their price target on shares of American Electric Power from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Royal Bank of Canada boosted their price target on shares of American Electric Power from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Wolfe Research reiterated a “peer perform” rating on shares of American Electric Power in a research note on Monday. Morgan Stanley boosted their price target on shares of American Electric Power from $99.00 to $106.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Finally, TheStreet upgraded shares of American Electric Power from a “c+” rating to a “b-” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. American Electric Power presently has a consensus rating of “Buy” and a consensus target price of $96.19.

American Electric Power stock opened at $89.21 on Tuesday. American Electric Power Company, Inc. has a 12 month low of $65.14 and a 12 month high of $104.97. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.30. The business has a 50 day simple moving average of $89.26 and a 200-day simple moving average of $83.79. The stock has a market capitalization of $44.28 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 22nd. The utilities provider reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.03. American Electric Power had a return on equity of 10.24% and a net margin of 12.56%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that American Electric Power Company, Inc. will post 4.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, November 9th. This is a boost from American Electric Power’s previous quarterly dividend of $0.70. American Electric Power’s dividend payout ratio is 69.81%.

In other news, EVP Paul Chodak III sold 2,024 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $90.67, for a total transaction of $183,516.08. Following the completion of the sale, the executive vice president now owns 6,580 shares in the company, valued at $596,608.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

About American Electric Power

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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

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