Stevens Capital Management LP Purchases New Position in American Electric Power Company, Inc. (AEP)

Stevens Capital Management LP purchased a new position in shares of American Electric Power Company, Inc. (NYSE:AEP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,204 shares of the utilities provider’s stock, valued at approximately $5,711,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AEP. MCF Advisors LLC boosted its stake in American Electric Power by 0.9% during the first quarter. MCF Advisors LLC now owns 2,696 shares of the utilities provider’s stock worth $181,000 after buying an additional 24 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in American Electric Power by 4.1% during the first quarter. Bbva Compass Bancshares Inc. now owns 20,398 shares of the utilities provider’s stock worth $1,369,000 after buying an additional 804 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in American Electric Power by 2.0% during the first quarter. Daiwa Securities Group Inc. now owns 15,150 shares of the utilities provider’s stock worth $1,017,000 after buying an additional 300 shares in the last quarter. Henderson Group PLC boosted its stake in American Electric Power by 1.1% during the first quarter. Henderson Group PLC now owns 62,031 shares of the utilities provider’s stock worth $4,164,000 after buying an additional 700 shares in the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in American Electric Power during the first quarter worth $1,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

AEP has been the subject of a number of analyst reports. KeyCorp reissued a “buy” rating and set a $73.00 price objective on shares of American Electric Power in a report on Friday, September 1st. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Morgan Stanley lifted their price objective on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub raised American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $75.00 price objective (up from $73.00) on shares of American Electric Power in a report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. American Electric Power has a consensus rating of “Buy” and an average price target of $72.23.

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American Electric Power Company, Inc. (NYSE AEP) opened at 73.03 on Monday. American Electric Power Company, Inc. has a 12-month low of $57.89 and a 12-month high of $74.59. The company has a market capitalization of $35.92 billion, a PE ratio of 62.85 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 released its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates 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 earnings per share. On average, analysts anticipate that American Electric Power Company, Inc. will post $3.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were issued 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 currently 203.45%.

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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