OLD National Bancorp IN Decreases Position in American Electric Power Company Inc (AEP)

OLD National Bancorp IN reduced its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,021 shares of the utilities provider’s stock after selling 1,057 shares during the quarter. OLD National Bancorp IN’s holdings in American Electric Power were worth $811,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AEP. JPMorgan Chase & Co. boosted its holdings in shares of American Electric Power by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after purchasing an additional 2,762,164 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of American Electric Power by 29.1% during the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after purchasing an additional 2,260,303 shares during the period. APG Asset Management N.V. boosted its holdings in shares of American Electric Power by 153.2% during the third quarter. APG Asset Management N.V. now owns 3,376,206 shares of the utilities provider’s stock worth $237,145,000 after purchasing an additional 2,042,700 shares during the period. Jennison Associates LLC boosted its holdings in shares of American Electric Power by 60.0% during the fourth quarter. Jennison Associates LLC now owns 3,125,059 shares of the utilities provider’s stock worth $229,911,000 after purchasing an additional 1,172,085 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of American Electric Power by 36.4% during the third quarter. Ameriprise Financial Inc. now owns 4,140,524 shares of the utilities provider’s stock worth $290,796,000 after purchasing an additional 1,103,849 shares during the period. Institutional investors and hedge funds own 70.74% of the company’s stock.

Several analysts recently commented on AEP shares. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. SunTrust Banks restated a “buy” rating and set a $78.00 price target on shares of American Electric Power in a report on Tuesday, January 9th. Guggenheim cut shares of American Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Macquarie upgraded shares of American Electric Power from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $75.00 to $76.00 in a research note on Monday, January 22nd. Finally, Morgan Stanley set a $71.00 target price on shares of American Electric Power and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.36.

Shares of American Electric Power Company Inc (NYSE AEP) opened at $65.58 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.49 and a quick ratio of 0.43. The stock has a market cap of $31,874.18, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. American Electric Power Company Inc has a one year low of $62.69 and a one year high of $78.07.

American Electric Power (NYSE:AEP) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.04. American Electric Power had a net margin of 12.39% and a return on equity of 10.05%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. equities research analysts predict that American Electric Power Company Inc will post 3.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, February 8th. American Electric Power’s dividend payout ratio is 64.08%.

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American Electric Power 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 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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