American Electric Power Company Inc (AEP) Shares Bought by Credit Suisse AG

Credit Suisse AG grew its holdings in American Electric Power Company Inc (NYSE:AEP) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,416,351 shares of the utilities provider’s stock after acquiring an additional 93,961 shares during the period. Credit Suisse AG’s holdings in American Electric Power were worth $100,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. lifted its position in shares of American Electric Power by 39.6% in the second quarter. OppenheimerFunds Inc. now owns 801,766 shares of the utilities provider’s stock valued at $55,522,000 after acquiring an additional 227,613 shares in the last quarter. Hanson McClain Inc. lifted its position in shares of American Electric Power by 18.7% in the third quarter. Hanson McClain Inc. now owns 5,004 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 787 shares in the last quarter. OLD Republic International Corp lifted its position in shares of American Electric Power by 20.9% in the second quarter. OLD Republic International Corp now owns 312,800 shares of the utilities provider’s stock valued at $21,661,000 after acquiring an additional 54,000 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of American Electric Power in the third quarter valued at about $289,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of American Electric Power by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,536,015 shares of the utilities provider’s stock valued at $392,393,000 after acquiring an additional 64,801 shares in the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.

Shares of NYSE AEP opened at $75.86 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10. American Electric Power Company Inc has a 1-year low of $62.71 and a 1-year high of $78.47. The company has a market cap of $37.30 billion and a price-to-earnings ratio of 20.61.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, analysts predict that American Electric Power Company Inc will post 3.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 9th will be paid a dividend of $0.67 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, November 8th. American Electric Power’s payout ratio is presently 72.83%.

In other American Electric Power news, insider Paul Chodak III sold 847 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total transaction of $64,770.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lisa M. Barton sold 881 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total value of $68,321.55. Following the sale, the insider now directly owns 581 shares in the company, valued at $45,056.55. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Wednesday. Barclays lifted their target price on American Electric Power from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, November 19th. Bank of America lifted their target price on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, October 26th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Morgan Stanley set a $80.00 target price on American Electric Power and gave the stock a “buy” rating in a report on Thursday, October 11th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. American Electric Power presently has a consensus rating of “Buy” and a consensus price target of $76.62.

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American Electric Power Profile

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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