American Electric Power Company, Inc. (NYSE:AEP) issued its earnings results on Thursday. The utilities provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07, Bloomberg Earnings reports. American Electric Power had a return on equity of 10.78% and a net margin of 4.31%. During the same quarter in the prior year, the firm earned $0.95 EPS. American Electric Power updated its FY17 guidance to $3.55-3.75 EPS.

Shares of American Electric Power (NYSE:AEP) traded up 1.32% during midday trading on Thursday, hitting $70.37. 2,231,070 shares of the company traded hands. The stock has a market capitalization of $34.60 billion, a P/E ratio of 49.35 and a beta of 0.30. American Electric Power has a 12-month low of $57.89 and a 12-month high of $72.97. The stock’s 50-day moving average is $70.26 and its 200 day moving average is $67.47.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.40%. American Electric Power’s dividend payout ratio (DPR) is presently 166.20%.

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In related news, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AEP. Jackson Grant Investment Advisers Inc. boosted its position in shares of American Electric Power by 0.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,799 shares of the utilities provider’s stock worth $176,000 after buying an additional 14 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of American Electric Power by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,255,641 shares of the utilities provider’s stock worth $79,055,000 after buying an additional 56,004 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of American Electric Power during the fourth quarter worth about $2,246,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of American Electric Power during the fourth quarter worth about $1,002,000. Finally, Macquarie Group Ltd. boosted its position in shares of American Electric Power by 17.2% in the fourth quarter. Macquarie Group Ltd. now owns 545,874 shares of the utilities provider’s stock worth $34,368,000 after buying an additional 80,008 shares in the last quarter. Hedge funds and other institutional investors own 70.53% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of American Electric Power from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) cut shares of American Electric Power from a “buy” rating to a “neutral” rating and raised their target price for the stock from $68.00 to $70.00 in a report on Monday, June 26th. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of American Electric Power in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $71.73.

About American Electric Power

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.

Earnings History for American Electric Power (NYSE:AEP)

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