American Electric Power Company Inc (AEP) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 31.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,785 shares of the utilities provider’s stock after selling 1,722 shares during the period. WINTON GROUP Ltd’s holdings in American Electric Power were worth $268,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Quadrant L P CA acquired a new position in shares of American Electric Power during the 2nd quarter worth $118,000. Private Capital Group LLC raised its holdings in shares of American Electric Power by 83.9% during the 3rd quarter. Private Capital Group LLC now owns 2,082 shares of the utilities provider’s stock worth $147,000 after buying an additional 950 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of American Electric Power by 59.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,145 shares of the utilities provider’s stock worth $152,000 after buying an additional 799 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of American Electric Power during the 3rd quarter worth $178,000. Finally, Providence Wealth Advisors LLC acquired a new position in shares of American Electric Power during the 3rd quarter worth $201,000. 72.55% of the stock is owned by institutional investors.

In other American Electric Power news, insider Lisa M. Barton sold 881 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total value of $68,321.55. Following the sale, the insider now owns 581 shares in the company, valued at approximately $45,056.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Chodak III sold 847 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $76.47, for a total value of $64,770.09. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

A number of research firms have recently commented on AEP. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Wednesday. Barclays upped their target price on American Electric Power from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Monday. Bank of America upped their target price on American Electric Power from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, October 26th. ValuEngine raised American Electric Power from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Morgan Stanley set a $80.00 target price on American Electric Power and gave the stock a “buy” rating in a report on Thursday, October 11th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.62.

Shares of AEP opened at $75.65 on Friday. American Electric Power Company Inc has a 12-month low of $62.71 and a 12-month high of $78.47. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $37.30 billion and a price-to-earnings ratio of 20.56.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, research analysts forecast that American Electric Power Company Inc will post 3.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 9th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.62. American Electric Power’s payout ratio is 72.83%.

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About American Electric Power

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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