A Look at Institutional Investors’ Activity in AEP in 3Q17


Nov. 17 2017, Updated 7:31 a.m. ET

Institutional activity in AEP

In this series, we’ve looked at institutional investors’ activity in the top S&P 500 utilities during 3Q17. As the trend suggests, institutional investors have increased their position in Ohio-based utility American Electric Power. The Vanguard Group was the biggest institutional investor in AEP, with a 7.2% stake at the end of September 30, 2017. It bought net 0.58 million AEP shares in 3Q17, bringing its total to 35.8 million shares.

BlackRock Institutional Trust is the second-largest institutional investor in AEP, with 5.1% of shares. It added 0.1 million AEP shares in 3Q17.

State Street Global Advisors was the sole institutional investor among AEP’s top five to reduce its stake in 3Q17. It held 24.3 million shares, with a 4.9% stake in the utility. According to a recent report, Capital Research Global Investors added approximately 1 million AEP shares.

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Analysts’ views

American Electric Power has a mean price target of $74.67 against its current market price of $77.39, which indicates an estimated fall of nearly 3.5% going forward.

AEP distinguishes itself from peers with its handsome dividend payment history. As a dividend giant, American Electric Power has been paying dividends for more than 400 consecutive quarters. It is currently trading at a dividend yield of 3.2% against utilities’ (XLU) (IDU) average of 3.5%. For more about AEP’s dividend, read American Electric Power’s Dividend Yield Compared to Peers.


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