Caisse DE Depot ET Placement DU Quebec Buys 35,800 Shares of American Electric Power Company Inc (AEP)

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 15.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 266,260 shares of the utilities provider’s stock after buying an additional 35,800 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of American Electric Power worth $18,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in shares of American Electric Power by 188.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after buying an additional 3,486 shares during the last quarter. Homrich & Berg increased its stake in shares of American Electric Power by 2.0% in the 2nd quarter. Homrich & Berg now owns 16,034 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 321 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of American Electric Power in the 2nd quarter valued at about $630,000. Neuberger Berman Group LLC increased its stake in shares of American Electric Power by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 724,256 shares of the utilities provider’s stock valued at $50,314,000 after purchasing an additional 37,578 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of American Electric Power by 3.4% in the 3rd quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Several equities analysts recently weighed in on the company. ValuEngine upgraded American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price target on shares of American Electric Power in a research note on Monday, October 30th. Bank of America assumed coverage on American Electric Power in a research note on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price target for the company. Deutsche Bank lowered American Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, J P Morgan Chase & Co lifted their price target on American Electric Power to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.91.

Shares of American Electric Power Company Inc (AEP) opened at $76.73 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. American Electric Power Company Inc has a twelve month low of $59.35 and a twelve month high of $78.07. The stock has a market capitalization of $37,516.10, a PE ratio of 21.92, a P/E/G ratio of 4.44 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was down 12.8% on a year-over-year basis. equities research analysts anticipate that American Electric Power Company Inc will post 3.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.23%. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 9th. American Electric Power’s payout ratio is presently 64.92%.

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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.

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

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