Cookson Peirce & Co. Inc. purchased a new stake in American Electric Power Company, Inc. (NYSE:AEP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,180 shares of the utilities provider’s stock, valued at approximately $638,000.

Other hedge funds also recently bought and sold shares of the company. Ledyard National Bank raised its stake in American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in American Electric Power in the first quarter valued at about $105,000. Chicago Partners Investment Group LLC raised its stake in American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 5 shares in the last quarter. Smithfield Trust Co. raised its stake in American Electric Power by 8.1% in the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 125 shares in the last quarter. Finally, Zions Bancorporation raised its stake in American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 21 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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American Electric Power Company, Inc. (AEP) traded down 0.62% during mid-day trading on Monday, hitting $72.71. The stock had a trading volume of 344,450 shares. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $74.59. The company’s 50 day moving average price is $72.37 and its 200 day moving average price is $70.42. The firm has a market cap of $35.76 billion, a PE ratio of 62.57 and a beta of 0.28.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.07). The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter last year, the company posted $0.95 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post $3.65 earnings per share for the current year.

A number of research analysts recently commented on the company. J P Morgan Chase & Co boosted their price target on American Electric Power to $75.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $73.00 price target on shares of American Electric Power in a research note on Tuesday, October 3rd. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $73.00 in a research report on Friday, September 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $71.00 target price on shares of American Electric Power in a research report on Monday, September 4th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.10.

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 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.

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

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