Noteworthy Dividend Flows: American Electric Power Company, Inc. (NYSE:AEP) will be paying shareholders dividends of $0.59 on Dec 9, 2016.

Noteworthy Dividend Flows: American Electric Power Company, Inc. (NYSE:AEP) will be paying shareholders dividends of $0.59 on Dec 9, 2016.

American Electric Power Company, Inc. (NYSE:AEP) is expected to pay $0.59 on Dec 9, 2016. The indicated annual dividend is $2.36. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on American Electric Power Company, Inc.’s current price of $62.40, the dividend is 0.95%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 25, 2016. The stock decreased 0.83% or $0.52 during the last trading session, hitting $62.4. About 200 shares traded hands. American Electric Power Company Inc (NYSE:AEP) has declined 4.59% since April 5, 2016 and is downtrending. It has underperformed by 6.54% the S&P500.

American Electric Power Company, Inc. is a public utility holding firm that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The company has a market cap of $30.31 billion. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. It has a 69.09 P/E ratio. AEP’s vertically integrated utility activities are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers.

Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.18, from 1.21 in 2016Q1. The ratio worsened, as 51 funds sold all American Electric Power Company Inc shares owned while 259 reduced positions. 57 funds bought stakes while 263 increased positions. They now own 328.57 million shares or 5.28% less from 346.89 million shares in 2016Q1.
State Of Tennessee Treasury Department last reported 366,649 shares in the company. Goldman Sachs Grp Inc last reported 1.94M shares in the company. Bollard Group Inc Limited Liability Co holds 1.23% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 257,395 shares. Palladium Limited last reported 9,596 shares in the company. Paloma Prtn, a Connecticut-based fund reported 36,761 shares. Creative Planning last reported 0.03% of its portfolio in the stock. Aviance Cap Mngmt Ltd Co holds 0.27% or 127,317 shares in its portfolio. Bessemer Grp Inc holds 0.04% of its portfolio in American Electric Power Company Inc (NYSE:AEP) for 97,364 shares. Moreover, Nikko Asset Mngmt Americas has 0.04% invested in American Electric Power Company Inc (NYSE:AEP) for 6,600 shares. Fukoku Mutual Life Ins Co owns 158,500 shares or 2.17% of their US portfolio. Shelton Capital Mgmt has 0.12% invested in the company for 19,115 shares. Acadian Asset Ltd Com has invested 0.14% of its portfolio in American Electric Power Company Inc (NYSE:AEP). Conning last reported 29,469 shares in the company. Mizuho Asset Management Coltd holds 0.87% or 68,940 shares in its portfolio. Herndon Cap Mngmt Ltd has 0% invested in the company for 45 shares.

Insider Transactions: Since May 26, 2016, the stock had 1 buying transaction, and 0 insider sales for $284,660 net activity. The insider McCullough Mark C bought $284,660.

American Electric Power Company Inc (NYSE:AEP) Ratings Coverage

Out of 16 analysts covering American Electric Power Company Inc. (NYSE:AEP), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. $77 is the highest target while $55 is the lowest. The $66.13 average target is 5.98% above today’s ($62.4) stock price. American Electric Power Company Inc. has been the topic of 38 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Friday, July 29 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of American Electric Power Company Inc (NYSE:AEP) has “Neutral” rating given on Wednesday, July 20 by Citigroup. Barclays Capital maintained it with “Overweight” rating and $61.0 target price in Thursday, September 3 report. Barclays Capital maintained it with “Overweight” rating and $62 target price in Friday, October 2 report. The rating was upgraded by Guggenheim to “Buy” on Tuesday, September 8. On Friday, October 23 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock of American Electric Power Company Inc (NYSE:AEP) earned “Buy” rating by Deutsche Bank on Friday, October 23. RBC Capital Markets maintained the shares of AEP in a report on Thursday, October 13 with “Sector Perform” rating. UBS upgraded American Electric Power Company Inc (NYSE:AEP) rating on Monday, December 7. UBS has “Buy” rating and $62 price target. Jefferies maintained the shares of AEP in a report on Friday, October 23 with “Buy” rating.

Another recent and important American Electric Power Company Inc (NYSE:AEP) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: American Electric Power, Entergy and AmeriGas Partners” on November 04, 2016.

AEP Company Profile

American Electric Power Company, Inc. (AEP), incorporated on December 20, 1906, is a public utility holding firm 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. The public utility subsidiaries of AEP provide electric service, consisting of generation, transmission and distribution, on an integrated basis to retail customers. The Company’s divisions include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

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