Private Capital Advisors Inc. Has $649,000 Holdings in American Electric Power Company Inc (AEP)
Private Capital Advisors Inc. cut its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,815 shares of the utilities provider’s stock after selling 1,225 shares during the quarter. Private Capital Advisors Inc.’s holdings in American Electric Power were worth $649,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of AEP. Teachers Advisors LLC lifted its position in American Electric Power by 6.6% during the 2nd quarter. Teachers Advisors LLC now owns 1,389,222 shares of the utilities provider’s stock worth $96,509,000 after buying an additional 86,368 shares in the last quarter. Ameriprise Financial Inc. lifted its position in American Electric Power by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,036,675 shares of the utilities provider’s stock worth $210,957,000 after buying an additional 60,874 shares in the last quarter. Norinchukin Bank The lifted its position in American Electric Power by 2.3% during the 2nd quarter. Norinchukin Bank The now owns 38,322 shares of the utilities provider’s stock worth $2,662,000 after buying an additional 869 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of American Electric Power during the 2nd quarter worth about $630,000. Finally, Payden & Rygel increased its stake in shares of American Electric Power by 28.5% during the 2nd quarter. Payden & Rygel now owns 202,900 shares of the utilities provider’s stock worth $14,095,000 after purchasing an additional 45,000 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on AEP. SunTrust Banks restated a “buy” rating and set a $78.00 price objective on shares of American Electric Power in a research note on Tuesday. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Jefferies Group restated a “hold” rating and set a $73.00 price objective on shares of American Electric Power in a research note on Tuesday, October 3rd. Guggenheim lowered shares of American Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Bank of America began coverage on shares of American Electric Power in a research note on Tuesday, October 24th. They set a “buy” rating and a $79.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.08.
Shares of American Electric Power Company Inc (NYSE:AEP) traded down $1.27 on Friday, reaching $67.46. 6,646,960 shares of the company were exchanged, compared to its average volume of 3,896,778. American Electric Power Company Inc has a twelve month low of $62.14 and a twelve month high of $78.07. The firm has a market cap of $33,180.00, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.83 and a beta of 0.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56.
American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the company posted $1.30 EPS. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. analysts anticipate that American Electric Power Company Inc will post 3.61 earnings per share for the current year.
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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.
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