Juncture Wealth Strategies LLC Sells 2,500 Shares of American Electric Power Company, Inc. (AEP)

Juncture Wealth Strategies LLC decreased its position in American Electric Power Company, Inc. (NYSE:AEP) by 31.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,500 shares of the utilities provider’s stock after selling 2,500 shares during the period. Juncture Wealth Strategies LLC’s holdings in American Electric Power were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AEP. BlackRock Inc. boosted its holdings in American Electric Power by 2,394.3% in the first quarter. BlackRock Inc. now owns 33,819,821 shares of the utilities provider’s stock valued at $2,270,326,000 after acquiring an additional 32,463,953 shares during the last quarter. Capital Research Global Investors boosted its holdings in 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 valued at $702,392,000 after acquiring an additional 6,983,864 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in American Electric Power in the second quarter valued at about $122,927,000. Bank of Montreal Can boosted its holdings in American Electric Power by 35.2% in the second quarter. Bank of Montreal Can now owns 4,366,510 shares of the utilities provider’s stock valued at $303,342,000 after acquiring an additional 1,137,941 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in American Electric Power by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,128,589 shares of the utilities provider’s stock valued at $2,291,051,000 after acquiring an additional 1,124,366 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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AEP has been the topic of several recent research reports. KeyCorp reiterated a “buy” rating and issued a $73.00 price target on shares of American Electric Power in a report on Friday, September 1st. BidaskClub upgraded American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of American Electric Power in a report on Monday, July 10th. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price target on shares of American Electric Power in a report on Wednesday, July 19th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $73.10.

Shares of American Electric Power Company, Inc. (AEP) traded up 0.20% during trading on Friday, reaching $73.98. The company’s stock had a trading volume of 1,540,787 shares. The firm has a market cap of $36.39 billion, a PE ratio of 63.67 and a beta of 0.28. The company’s 50 day moving average price is $72.34 and its 200 day moving average price is $70.55. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $74.59.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.07). American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the company earned $0.95 EPS. On average, equities analysts predict that American Electric Power Company, Inc. will post $3.64 earnings per share for the current year.

American Electric Power 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)

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