Royal London Asset Management Ltd. Grows Stake in American Electric Power Company Inc (AEP)

Royal London Asset Management Ltd. raised its position in American Electric Power Company Inc (NYSE:AEP) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,430 shares of the utilities provider’s stock after acquiring an additional 11,510 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Electric Power were worth $15,501,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AEP. First Midwest Bank Trust Division lifted its stake in American Electric Power by 0.8% in the fourth quarter. First Midwest Bank Trust Division now owns 21,327 shares of the utilities provider’s stock valued at $1,594,000 after buying an additional 176 shares during the last quarter. Private Trust Co. NA raised its stake in shares of American Electric Power by 3.5% during the fourth quarter. Private Trust Co. NA now owns 5,868 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 199 shares in the last quarter. Radnor Capital Management LLC raised its stake in shares of American Electric Power by 2.2% during the fourth quarter. Radnor Capital Management LLC now owns 9,303 shares of the utilities provider’s stock valued at $695,000 after purchasing an additional 200 shares in the last quarter. First Bank & Trust raised its stake in shares of American Electric Power by 2.2% during the fourth quarter. First Bank & Trust now owns 10,197 shares of the utilities provider’s stock valued at $762,000 after purchasing an additional 220 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its stake in shares of American Electric Power by 1.9% during the third quarter. WealthPLAN Partners LLC now owns 12,150 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 226 shares in the last quarter. 73.49% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Barclays boosted their price target on shares of American Electric Power from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, November 19th. Morgan Stanley boosted their price target on shares of American Electric Power from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Investment Research cut shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Finally, Bank of America boosted their price target on shares of American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $77.50.

In related news, 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 completion of the sale, the insider now owns 581 shares of the company’s stock, valued at approximately $45,056.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.16% of the company’s stock.

NYSE:AEP opened at $79.55 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.48. American Electric Power Company Inc has a fifty-two week low of $62.71 and a fifty-two week high of $81.05. The stock has a market cap of $39.60 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.17.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American Electric Power had a return on equity of 10.33% and a net margin of 11.91%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts forecast that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 8th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.68 annualized dividend and a yield of 3.37%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

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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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