Tokio Marine Asset Management Co. Ltd. Takes $1.11 Million Position in American Electric Power Company Inc (NYSE:AEP)

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of American Electric Power Company Inc (NYSE:AEP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,564 shares of the utilities provider’s stock, valued at approximately $1,106,000.

Several other institutional investors have also recently made changes to their positions in AEP. GQG Partners LLC lifted its holdings in shares of American Electric Power by 16,538.4% during the 1st quarter. GQG Partners LLC now owns 979,837 shares of the utilities provider’s stock valued at $81,819,000 after buying an additional 973,948 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of American Electric Power by 64.4% during the 1st quarter. Janus Henderson Group PLC now owns 1,361,156 shares of the utilities provider’s stock valued at $113,997,000 after buying an additional 533,258 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of American Electric Power by 18.4% in the 1st quarter. California Public Employees Retirement System now owns 3,105,375 shares of the utilities provider’s stock valued at $260,075,000 after acquiring an additional 481,496 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Electric Power by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 5,942,257 shares of the utilities provider’s stock valued at $443,292,000 after acquiring an additional 438,632 shares in the last quarter. Finally, USS Investment Management Ltd bought a new position in shares of American Electric Power in the 1st quarter valued at approximately $31,189,000. Institutional investors and hedge funds own 73.44% of the company’s stock.

AEP stock traded down $1.14 during trading on Monday, hitting $87.56. The company had a trading volume of 164,890 shares, compared to its average volume of 1,834,931. The firm’s fifty day moving average is $89.86. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $43.80 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.79 and a beta of 0.13. American Electric Power Company Inc has a fifty-two week low of $68.92 and a fifty-two week high of $91.99.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $4.13 billion. American Electric Power had a return on equity of 10.69% and a net margin of 12.53%. American Electric Power’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. As a group, analysts expect that American Electric Power Company Inc will post 4.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, August 8th. American Electric Power’s dividend payout ratio is 67.85%.

A number of research analysts recently weighed in on AEP shares. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 price objective on the stock in a research note on Thursday, July 11th. Wells Fargo & Co raised their price objective on American Electric Power from $89.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp started coverage on American Electric Power in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. UBS Group raised their price objective on American Electric Power from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Wolfe Research set a $89.00 price objective on American Electric Power and gave the company a “buy” rating in a research note on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. American Electric Power presently has an average rating of “Buy” and an average target price of $87.45.

In related news, EVP David Matthew Feinberg sold 4,535 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $85.72, for a total value of $388,740.20. Following the sale, the executive vice president now owns 9,674 shares of the company’s stock, valued at approximately $829,255.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brian X. Tierney sold 4,392 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total value of $377,799.84. Following the completion of the sale, the vice president now directly owns 39,449 shares in the company, valued at approximately $3,393,402.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,943 shares of company stock worth $1,564,911. 0.16% of the stock is owned by insiders.

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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