American Electric Power Company Inc (AEP) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC trimmed its position in shares of American Electric Power Company Inc (NYSE:AEP) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,191 shares of the utilities provider’s stock after selling 1,778 shares during the quarter. Strategic Advisors LLC’s holdings in American Electric Power were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Vanguard Group Inc. raised its holdings in American Electric Power by 2.5% in the 2nd 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 period. Capital Research Global Investors raised its holdings in American Electric Power by 223.4% in the 2nd 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 period. Wells Fargo & Company MN raised its holdings in American Electric Power by 29.1% in the 3rd 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 period. JPMorgan Chase & Co. raised its holdings in American Electric Power by 70.2% in the 3rd 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 period. Finally, Renaissance Technologies LLC raised its holdings in American Electric Power by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,778,600 shares of the utilities provider’s stock worth $331,969,000 after purchasing an additional 394,800 shares during the period. 71.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Electric Power Company Inc (NYSE:AEP) traded down $1.27 during mid-day trading on Tuesday, reaching $67.46. The company’s stock had a trading volume of 6,646,900 shares, compared to its average volume of 3,896,778. American Electric Power Company Inc has a 1-year low of $62.14 and a 1-year high of $78.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.43. The stock has a market cap of $33,080.00, a price-to-earnings ratio of 17.61, a PEG ratio of 3.65 and a beta of 0.30.

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

A number of equities analysts recently commented on AEP shares. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $74.00 to $73.00 in a report on Friday, September 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $73.00 target price on shares of American Electric Power in a report on Tuesday, October 3rd. JPMorgan Chase & Co. raised their target price on American Electric Power to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Deutsche Bank cut American Electric Power from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Bank of America started coverage on American Electric Power in a report on Tuesday, October 24th. They issued a “buy” rating and a $79.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $75.08.

COPYRIGHT VIOLATION NOTICE: “American Electric Power Company Inc (AEP) Shares Sold by Strategic Advisors LLC” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/16/american-electric-power-company-inc-aep-shares-sold-by-strategic-advisors-llc.html.

About American Electric Power

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

Leave a Reply