American Electric Power Company, Inc. (AEP) Holdings Boosted by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America boosted its holdings in shares of American Electric Power Company, Inc. (NYSE:AEP) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,400 shares of the utilities provider’s stock after purchasing an additional 9,200 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in American Electric Power were worth $8,642,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Magellan Asset Management Ltd boosted its position in American Electric Power by 12.2% during the second quarter. Magellan Asset Management Ltd now owns 269,675 shares of the utilities provider’s stock worth $18,734,000 after purchasing an additional 29,319 shares in the last quarter. ProShare Advisors LLC boosted its position in American Electric Power by 0.4% during the second quarter. ProShare Advisors LLC now owns 78,228 shares of the utilities provider’s stock worth $5,434,000 after purchasing an additional 281 shares in the last quarter. Profund Advisors LLC boosted its position in American Electric Power by 32.0% during the second quarter. Profund Advisors LLC now owns 51,655 shares of the utilities provider’s stock worth $3,588,000 after purchasing an additional 12,528 shares in the last quarter. Stevens Capital Management LP purchased a new position in American Electric Power during the second quarter worth approximately $5,711,000. Finally, BT Investment Management Ltd purchased a new position in American Electric Power during the second quarter worth approximately $4,817,000. Institutional investors own 71.20% of the company’s stock.

Shares of American Electric Power Company, Inc. (AEP) traded down 0.51% during trading on Monday, hitting $72.66. The company’s stock had a trading volume of 526,545 shares. American Electric Power Company, Inc. has a one year low of $57.89 and a one year high of $74.59. The stock has a market cap of $35.74 billion, a PE ratio of 62.53 and a beta of 0.29. The company has a 50-day moving average price of $72.44 and a 200-day moving average price of $69.65.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.07). The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a return on equity of 10.32% and a net margin of 3.60%. During the same period last year, the firm earned $0.95 EPS. Equities analysts predict that American Electric Power Company, Inc. will post $3.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, August 8th. American Electric Power’s dividend payout ratio (DPR) is 203.45%.

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A number of brokerages have issued reports on AEP. BidaskClub downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded American Electric Power from a “buy” rating to a “neutral” rating and increased their price target for the stock from $68.00 to $70.00 in a research report on Monday, June 26th. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price target on shares of American Electric Power in a research report on Wednesday, July 19th. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $72.23.

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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