Calamos Advisors LLC increased its position in American Electric Power Co. (NYSE:AEP) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,999 shares of the company’s stock after buying an additional 26 shares during the period. Calamos Advisors LLC’s holdings in American Electric Power were worth $5,116,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Zions Bancorporation boosted its position in shares of American Electric Power by 7.7% in the first quarter. Zions Bancorporation now owns 1,747 shares of the company’s stock worth $115,000 after buying an additional 125 shares during the period. Tompkins Financial Corp bought a new position in shares of American Electric Power during the second quarter worth approximately $120,000. Headinvest LLC bought a new position in shares of American Electric Power during the second quarter worth approximately $202,000. CrestPoint Capital Management LLC bought a new position in shares of American Electric Power during the second quarter worth approximately $217,000. Finally, Peregrine Asset Advisers Inc. bought a new position in shares of American Electric Power during the first quarter worth approximately $218,000. 68.74% of the stock is currently owned by institutional investors and hedge funds.
American Electric Power Co. (NYSE:AEP) traded down 0.45% on Friday, hitting $64.21. The stock had a trading volume of 4,152,613 shares. American Electric Power Co. has a 52-week low of $53.30 and a 52-week high of $71.32. The firm has a market cap of $31.57 billion, a PE ratio of 15.85 and a beta of 0.24. The company has a 50-day moving average price of $65.52 and a 200 day moving average price of $66.25.
American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts forecast that American Electric Power Co. will post $3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.49%. American Electric Power’s payout ratio is 55.17%.
A number of equities research analysts have recently weighed in on the company. KeyCorp set a $72.50 price objective on American Electric Power and gave the stock a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Tuesday, September 13th. Goldman Sachs Group Inc. upgraded American Electric Power from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $71.00 to $73.00 in a research report on Tuesday, July 26th. Jefferies Group lifted their price objective on American Electric Power from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 17th. Finally, SunTrust Banks Inc. lifted their price objective on American Electric Power from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.61.
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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