Teza Capital Management LLC Boosts Stake in American Electric Power Company Inc (AEP)

Teza Capital Management LLC increased its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 237.5% during the first quarter, Holdings Channel reports. The fund owned 30,590 shares of the utilities provider’s stock after buying an additional 21,527 shares during the period. American Electric Power Company comprises approximately 0.6% of Teza Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Teza Capital Management LLC’s holdings in American Electric Power Company were worth $2,054,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jackson Wealth Management LLC boosted its stake in shares of American Electric Power Company by 2.3% in the third quarter. Jackson Wealth Management LLC now owns 32,152 shares of the utilities provider’s stock valued at $2,037,000 after buying an additional 724 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in American Electric Power Company during the third quarter valued at approximately $527,000. TNB Financial boosted its stake in American Electric Power Company by 6.3% in the third quarter. TNB Financial now owns 36,085 shares of the utilities provider’s stock valued at $2,317,000 after buying an additional 2,133 shares in the last quarter. Coconut Grove Bank boosted its stake in American Electric Power Company by 3.4% in the third quarter. Coconut Grove Bank now owns 6,607 shares of the utilities provider’s stock valued at $425,000 after buying an additional 216 shares in the last quarter. Finally, Homrich & Berg boosted its stake in American Electric Power Company by 3.6% in the third quarter. Homrich & Berg now owns 13,765 shares of the utilities provider’s stock valued at $884,000 after buying an additional 477 shares in the last quarter. 68.13% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for American Electric Power Company (NYSE:AEP)

American Electric Power Company Inc (AEP) traded up 0.5942% on Wednesday, hitting $71.6331. The stock had a trading volume of 719,810 shares. The company has a market cap of $35.22 billion, a P/E ratio of 50.2336 and a beta of 0.23. American Electric Power Company Inc has a 1-year low of $57.89 and a 1-year high of $71.87. The stock has a 50 day moving average price of $68.31 and a 200 day moving average price of $64.82.

American Electric Power Company (NYSE:AEP) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. American Electric Power Company had a return on equity of 10.87% and a net margin of 3.74%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. On average, equities research analysts expect that American Electric Power Company Inc will post $3.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, May 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.31%. American Electric Power Company’s dividend payout ratio (DPR) is presently 190.32%.

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Several research firms recently commented on AEP. Jefferies Group LLC raised their target price on American Electric Power Company from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research cut American Electric Power Company from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Barclays PLC reissued a “buy” rating and issued a $71.00 price objective on shares of American Electric Power Company in a research note on Monday, February 20th. Mizuho reissued a “buy” rating and issued a $72.50 price objective on shares of American Electric Power Company in a research note on Wednesday, April 19th. Finally, Deutsche Bank AG raised their price objective on American Electric Power Company from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. American Electric Power Company has an average rating of “Hold” and a consensus target price of $71.60.

In other news, insider Paul Chodak III sold 1,110 shares of American Electric Power Company stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

About American Electric Power Company

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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company Inc (NYSE:AEP).

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