American Electric Power Company Inc (NYSE:AEP) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in American Electric Power Company Inc (NYSE:AEP) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,031 shares of the utilities provider’s stock after buying an additional 266 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in American Electric Power were worth $97,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cobblestone Capital Advisors LLC NY boosted its holdings in American Electric Power by 144.2% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 8,468 shares of the utilities provider’s stock worth $745,000 after buying an additional 5,000 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in American Electric Power in the 2nd quarter valued at approximately $4,049,000. Coastal Capital Group Inc. acquired a new stake in American Electric Power in the 2nd quarter valued at approximately $145,000. First Merchants Corp acquired a new stake in American Electric Power in the 3rd quarter valued at approximately $817,000. Finally, Corient Capital Partners LLC increased its holdings in American Electric Power by 7.8% in the 2nd quarter. Corient Capital Partners LLC now owns 29,395 shares of the utilities provider’s stock valued at $2,587,000 after purchasing an additional 2,135 shares during the last quarter. Institutional investors own 73.81% of the company’s stock.

Shares of NYSE:AEP traded up $1.19 during trading on Wednesday, hitting $89.69. The company’s stock had a trading volume of 1,789,212 shares, compared to its average volume of 2,415,090. The business has a 50 day moving average price of $92.99 and a two-hundred day moving average price of $90.02. The company has a market capitalization of $44.00 billion, a PE ratio of 22.71, a P/E/G ratio of 3.77 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.36 and a current ratio of 0.48. American Electric Power Company Inc has a fifty-two week low of $72.25 and a fifty-two week high of $96.22.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.14. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $5.08 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.09%. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, equities analysts expect that American Electric Power Company Inc will post 4.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from American Electric Power’s previous quarterly dividend of $0.67. American Electric Power’s payout ratio is presently 70.89%.

Several analysts recently weighed in on AEP shares. Mizuho lifted their target price on shares of American Electric Power from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of American Electric Power from $92.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, October 14th. ValuEngine downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. SunTrust Banks set a $102.00 target price on shares of American Electric Power and gave the company a “buy” rating in a report on Friday, October 25th. Finally, UBS Group lifted their target price on shares of American Electric Power from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. American Electric Power presently has a consensus rating of “Buy” and an average target price of $95.27.

In related news, insider Charles E. Zebula sold 1,216 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total transaction of $110,631.68. Following the completion of the transaction, the insider now owns 7,420 shares in the company, valued at $675,071.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

American Electric Power Company 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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