American Electric Power Company Inc (AEP) Shares Sold by SVA Plumb Wealth Management LLC

SVA Plumb Wealth Management LLC decreased its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 2.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,020 shares of the utilities provider’s stock after selling 885 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in American Electric Power were worth $2,951,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of American Electric Power by 12.8% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,617 shares of the utilities provider’s stock valued at $454,000 after buying an additional 752 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of American Electric Power by 5.3% during the fourth quarter. ETRADE Capital Management LLC now owns 18,882 shares of the utilities provider’s stock valued at $1,389,000 after buying an additional 948 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in American Electric Power by 15.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,278 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 955 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in American Electric Power by 7.3% during the first quarter. Douglass Winthrop Advisors LLC now owns 15,159 shares of the utilities provider’s stock valued at $1,040,000 after purchasing an additional 1,031 shares during the last quarter. Finally, BB&T Corp boosted its position in American Electric Power by 2.4% during the fourth quarter. BB&T Corp now owns 45,060 shares of the utilities provider’s stock valued at $3,315,000 after purchasing an additional 1,035 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

In other American Electric Power news, EVP Mark C. Mccullough sold 721 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $69.63, for a total value of $50,203.23. Following the completion of the sale, the executive vice president now owns 7,386 shares of the company’s stock, valued at $514,287.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

A number of analysts recently issued reports on AEP shares. UBS started coverage on American Electric Power in a research report on Friday, February 2nd. They set a “buy” rating and a $76.00 price objective for the company. SunTrust Banks set a $75.00 price objective on American Electric Power and gave the company a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Morgan Stanley reduced their price objective on American Electric Power from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. Finally, Guggenheim raised American Electric Power from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $73.77.

Shares of NYSE:AEP opened at $66.47 on Thursday. American Electric Power Company Inc has a fifty-two week low of $63.32 and a fifty-two week high of $78.07. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.97 and a beta of 0.16. The company has a quick ratio of 0.34, a current ratio of 0.44 and a debt-to-equity ratio of 1.02.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). American Electric Power had a return on equity of 9.93% and a net margin of 11.41%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the firm earned $0.96 EPS. American Electric Power’s quarterly revenue was up 2.6% on a year-over-year basis. analysts predict that American Electric Power Company Inc will post 3.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 10th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.73%. American Electric Power’s dividend payout ratio is currently 67.39%.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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