Epoch Investment Partners Inc. Has $151.55 Million Position in American Electric Power Company Inc (AEP)

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Epoch Investment Partners Inc. lowered its position in shares of American Electric Power Company Inc (NYSE:AEP) by 7.1% in the second quarter, HoldingsChannel reports. The firm owned 2,188,448 shares of the utilities provider’s stock after selling 167,743 shares during the quarter. Epoch Investment Partners Inc.’s holdings in American Electric Power were worth $151,550,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AEP. Wells Fargo & Company MN grew its stake in shares of American Electric Power by 1.1% during the first quarter. Wells Fargo & Company MN now owns 11,681,716 shares of the utilities provider’s stock worth $801,249,000 after purchasing an additional 125,880 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in American Electric Power by 7.5% in the first quarter. Daiwa Securities Group Inc. now owns 16,039 shares of the utilities provider’s stock valued at $1,100,000 after acquiring an additional 1,113 shares during the last quarter. Alps Advisors Inc. lifted its position in American Electric Power by 67.0% in the first quarter. Alps Advisors Inc. now owns 6,971 shares of the utilities provider’s stock valued at $478,000 after acquiring an additional 2,796 shares during the last quarter. Westpac Banking Corp lifted its position in American Electric Power by 37.6% in the first quarter. Westpac Banking Corp now owns 39,945 shares of the utilities provider’s stock valued at $2,740,000 after acquiring an additional 10,917 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in American Electric Power by 3,573.7% in the first quarter. Victory Capital Management Inc. now owns 285,596 shares of the utilities provider’s stock valued at $19,589,000 after acquiring an additional 277,822 shares during the last quarter. Hedge funds and other institutional investors own 72.52% of the company’s stock.

Shares of NYSE:AEP opened at $73.33 on Friday. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $78.07. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.50 and a quick ratio of 0.40. The stock has a market capitalization of $36.10 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 3.36 and a beta of 0.09.

American Electric Power (NYSE:AEP) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.13. American Electric Power had a net margin of 12.09% and a return on equity of 10.50%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts predict that American Electric Power Company Inc will post 3.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 10th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, August 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.38%. American Electric Power’s payout ratio is 67.39%.

AEP has been the subject of a number of research reports. Argus reduced their price target on shares of American Electric Power from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, May 24th. ValuEngine cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Morgan Stanley reduced their price target on shares of American Electric Power from $71.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, June 13th. Zacks Investment Research cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, Barclays initiated coverage on shares of American Electric Power in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $81.00 price target for the company. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. American Electric Power has a consensus rating of “Buy” and a consensus price target of $75.44.

About American Electric Power

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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