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

Strategic Advisors LLC cut its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,189 shares of the utilities provider’s stock after selling 1,769 shares during the quarter. Strategic Advisors LLC’s holdings in American Electric Power were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FormulaFolio Investments LLC raised its holdings in American Electric Power by 23.0% during the second quarter. FormulaFolio Investments LLC now owns 3,985 shares of the utilities provider’s stock worth $276,000 after buying an additional 745 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in 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 worth $454,000 after buying an additional 752 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in American Electric Power by 5.2% during the second quarter. Douglass Winthrop Advisors LLC now owns 15,941 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 782 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in American Electric Power by 1.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 77,328 shares of the utilities provider’s stock worth $5,304,000 after buying an additional 800 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in American Electric Power by 3.1% during the second quarter. DnB Asset Management AS now owns 26,900 shares of the utilities provider’s stock worth $1,863,000 after buying an additional 800 shares during the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on the stock. Mizuho restated a “buy” rating and set a $74.50 price objective on shares of American Electric Power in a report on Friday. Morgan Stanley upped their price objective on shares of American Electric Power from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday. SunTrust Banks restated a “buy” rating and set a $80.00 price objective on shares of American Electric Power in a report on Wednesday, July 25th. Scotiabank assumed coverage on shares of American Electric Power in a report on Tuesday, July 24th. They set a “hold” rating and a $72.00 price objective on the stock. Finally, Howard Weil assumed coverage on shares of American Electric Power in a report on Tuesday, July 24th. They set a “sector perform” rating and a $72.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. American Electric Power currently has a consensus rating of “Buy” and an average price target of $75.44.

Shares of AEP stock traded down $0.74 on Monday, hitting $70.40. The stock had a trading volume of 249,234 shares, compared to its average volume of 2,889,332. The company has a market cap of $35.07 billion, a P/E ratio of 19.11, a P/E/G ratio of 3.27 and a beta of 0.17. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.50 and a quick ratio of 0.40. American Electric Power Company Inc has a 12-month low of $62.71 and a 12-month high of $78.07.

American Electric Power (NYSE:AEP) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.13. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.85 billion. American Electric Power had a net margin of 12.09% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. research analysts expect that American Electric Power Company Inc will post 3.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 10th will be issued a $0.62 dividend. The ex-dividend date is Thursday, August 9th. This represents a $2.48 annualized dividend and a dividend yield of 3.52%. American Electric Power’s dividend payout ratio is currently 67.39%.

In other news, EVP Mark C. Mccullough sold 721 shares of the stock in a transaction dated Friday, May 4th. The shares were 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 in the company, valued at $514,287.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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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