Today, Girard Partners LTD. Takes Position in American Electric Power Co. (AEP)

Today, Girard Partners LTD. Takes Position in American Electric Power Co. (AEP)

Girard Partners LTD. purchased a new position in shares of American Electric Power Co. (NYSE:AEP) during the third quarter, Holdings Channel reports. The firm purchased 3,302 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors also recently made changes to their positions in the stock. Brick & Kyle Associates raised its position in American Electric Power by 18.7% in the second quarter. Brick & Kyle Associates now owns 1,430 shares of the company’s stock valued at $100,000 after buying an additional 225 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in American Electric Power by 0.8% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,447 shares of the company’s stock valued at $101,000 after buying an additional 12 shares during the last quarter. Van ECK Associates Corp acquired a new position in American Electric Power during the second quarter valued at $104,000. Krilogy Financial LLC raised its position in American Electric Power by 105.2% in the second quarter. Krilogy Financial LLC now owns 1,531 shares of the company’s stock valued at $107,000 after buying an additional 785 shares during the last quarter. Finally, Wealthcare Capital Management LLC acquired a new position in American Electric Power during the second quarter valued at $108,000. Institutional investors own 67.72% of the company’s stock.

Shares of American Electric Power Co. (NYSE:AEP) traded up 1.38% during midday trading on Friday, hitting $59.63. 703,625 shares of the company were exchanged. The stock’s 50-day moving average is $61.76 and its 200-day moving average is $65.39. American Electric Power Co. has a one year low of $54.08 and a one year high of $71.32. The stock has a market cap of $29.32 billion, a PE ratio of 41.53 and a beta of 0.23.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The business earned $4.70 billion during the quarter, compared to the consensus estimate of $4.68 billion. American Electric Power had a net margin of 4.37% and a return on equity of 10.25%. American Electric Power’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 EPS. Equities research analysts anticipate that American Electric Power Co. will post $3.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be issued a dividend of $0.59 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.56. This represents a $2.36 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, November 8th. American Electric Power’s dividend payout ratio is currently 163.89%.

A number of equities analysts have commented on AEP shares. KeyCorp set a $72.50 price objective on shares of American Electric Power and gave the stock a “buy” rating in a report on Monday, September 12th. Zacks Investment Research upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, September 13th. Jefferies Group boosted their price objective on shares of American Electric Power from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Hilliard Lyons lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Citigroup Inc. boosted their price objective on shares of American Electric Power from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, September 8th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $68.50.

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 Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

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