American Electric Power Company, Inc. (AEP) Stake Raised by IHT Wealth Management LLC

IHT Wealth Management LLC raised its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,840 shares of the utilities provider’s stock after buying an additional 177 shares during the period. IHT Wealth Management LLC’s holdings in American Electric Power were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in American Electric Power by 2.3% in the first quarter. Gulf International Bank UK Ltd now owns 153,404 shares of the utilities provider’s stock worth $10,298,000 after buying an additional 3,500 shares in the last quarter. Douglass Winthrop Advisors LLC raised its position in American Electric Power by 13.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 13,320 shares of the utilities provider’s stock worth $894,000 after buying an additional 1,600 shares in the last quarter. Creative Planning raised its position in American Electric Power by 5.4% in the first quarter. Creative Planning now owns 65,215 shares of the utilities provider’s stock worth $4,378,000 after buying an additional 3,319 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its position in American Electric Power by 4.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 40,308 shares of the utilities provider’s stock worth $2,706,000 after buying an additional 1,699 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in American Electric Power by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 819,729 shares of the utilities provider’s stock worth $55,022,000 after buying an additional 19,245 shares in the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.

Shares of American Electric Power Company, Inc. (NYSE AEP) opened at 70.88 on Monday. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $72.97. The stock’s 50 day moving average is $70.10 and its 200 day moving average is $67.73. The stock has a market capitalization of $34.86 billion, a PE ratio of 61.00 and a beta of 0.30.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate 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 company posted $0.95 EPS. Analysts anticipate that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

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

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AEP has been the topic of a number of analyst reports. Mizuho reaffirmed a “buy” rating and issued a $72.50 price objective on shares of American Electric Power in a report on Wednesday, April 19th. Deutsche Bank AG lifted their price target on shares of American Electric Power from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. BidaskClub downgraded shares of American Electric Power from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $72.09.

In related news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total value of $75,702.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

American Electric Power Company 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.