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

Mariner LLC reduced its stake in American Electric Power Company Inc (NYSE:AEP) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,462 shares of the utilities provider’s stock after selling 1,271 shares during the period. Mariner LLC’s holdings in American Electric Power were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of American Electric Power by 7.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 160,118 shares of the utilities provider’s stock worth $11,780,000 after acquiring an additional 10,775 shares during the period. Allen Capital Group LLC acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $208,000. Quadrature Capital Ltd acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $5,923,000. Smart Money Group LLC acquired a new stake in shares of American Electric Power in the 4th quarter worth approximately $328,000. Finally, LPL Financial LLC lifted its stake in shares of American Electric Power by 6.9% in the 4th quarter. LPL Financial LLC now owns 96,448 shares of the utilities provider’s stock worth $7,096,000 after acquiring an additional 6,185 shares during the period. 72.25% of the stock is owned by institutional investors.

In other news, EVP Mark C. Mccullough sold 721 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $69.63, for a total transaction of $50,203.23. Following the sale, the executive vice president now owns 7,386 shares in the company, valued at $514,287.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by insiders.

AEP stock opened at $66.87 on Wednesday. American Electric Power Company Inc has a 52-week low of $62.71 and a 52-week high of $78.07. The company has a current ratio of 0.44, a quick ratio of 0.34 and a debt-to-equity ratio of 1.02. The company has a market cap of $32.24 billion, a PE ratio of 18.17, a PEG ratio of 2.97 and a beta of 0.18.

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

The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Thursday, May 10th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.71%. American Electric Power’s dividend payout ratio is currently 67.39%.

AEP has been the subject of several recent research reports. Argus cut their target price on shares of American Electric Power from $84.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. SunTrust Banks set a $76.00 target price on shares of American Electric Power and gave the company a “buy” rating in a research note on Monday, March 19th. Morgan Stanley set a $71.00 target price on shares of American Electric Power and gave the company a “buy” rating in a research note on Thursday, March 8th. JPMorgan Chase & Co. cut their target price on shares of American Electric Power from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Finally, Guggenheim raised shares of American Electric Power from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. American Electric Power presently has an average rating of “Buy” and an average price target of $73.71.

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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