American Electric Power Company Inc (AEP) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,601 shares of the utilities provider’s stock after selling 5,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Electric Power were worth $15,214,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of American Electric Power by 2.5% in the second quarter. Vanguard Group Inc. now owns 34,987,758 shares of the utilities provider’s stock worth $2,430,599,000 after purchasing an additional 859,169 shares during the last quarter. Capital Research Global Investors grew its stake in shares of American Electric Power by 223.4% in the second quarter. Capital Research Global Investors now owns 10,110,731 shares of the utilities provider’s stock worth $702,392,000 after purchasing an additional 6,983,864 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of American Electric Power by 29.1% in the third quarter. Wells Fargo & Company MN now owns 10,029,371 shares of the utilities provider’s stock worth $704,464,000 after purchasing an additional 2,260,303 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of American Electric Power by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 6,696,615 shares of the utilities provider’s stock worth $472,110,000 after purchasing an additional 2,762,164 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of American Electric Power by 3.7% in the second quarter. Alliancebernstein L.P. now owns 6,350,925 shares of the utilities provider’s stock worth $441,199,000 after purchasing an additional 224,199 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Several brokerages recently weighed in on AEP. Jefferies Group reissued a “hold” rating and issued a $73.00 price objective on shares of American Electric Power in a research note on Tuesday, October 3rd. Bank of America began coverage on shares of American Electric Power in a research note on Tuesday, October 24th. They issued a “buy” rating and a $79.00 price objective on the stock. Deutsche Bank cut shares of American Electric Power from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. J P Morgan Chase & Co upped their price target on shares of American Electric Power to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $74.00 to $73.00 in a research report on Friday, September 22nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $73.91.

American Electric Power Company Inc (NYSE AEP) opened at $76.93 on Friday. American Electric Power Company Inc has a fifty-two week low of $60.25 and a fifty-two week high of $78.07. The firm has a market cap of $37,683.34, a PE ratio of 22.01, a PEG ratio of 4.46 and a beta of 0.30. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01.

American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the company posted $1.30 EPS. American Electric Power’s revenue for the quarter was down 12.8% on a year-over-year basis. sell-side analysts forecast that American Electric Power Company Inc will post 3.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.48 annualized dividend and a dividend yield of 3.22%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s dividend payout ratio is currently 64.92%.

COPYRIGHT VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/09/american-electric-power-company-inc-aep-shares-sold-by-british-columbia-investment-management-corp.html.

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.

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

Receive News & Ratings for American Electric Power Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply