American Electric Power Company, Inc. (AEP) Position Cut by United Bank Inc.

United Bank Inc. lowered its position in shares of American Electric Power Company, Inc. (NYSE:AEP) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,500 shares of the utilities provider’s stock after selling 50 shares during the period. United Bank Inc.’s holdings in American Electric Power Company were worth $235,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its position in shares of American Electric Power Company by 36.3% in the third quarter. ETRADE Capital Management LLC now owns 18,111 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 4,822 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of American Electric Power Company by 0.3% in the third quarter. First Heartland Consultants Inc. now owns 3,199 shares of the utilities provider’s stock worth $205,000 after buying an additional 8 shares during the last quarter. Bessemer Group Inc. raised its position in shares of American Electric Power Company by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 70,224 shares of the utilities provider’s stock worth $4,422,000 after buying an additional 3,253 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of American Electric Power Company by 67.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 14,547 shares of the utilities provider’s stock worth $916,000 after buying an additional 5,846 shares during the last quarter. Finally, Hall Capital Management Co. Inc. purchased a new position in shares of American Electric Power Company during the fourth quarter worth approximately $207,000. 70.89% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for American Electric Power Company (NYSE:AEP)

American Electric Power Company, Inc. (AEP) opened at 72.42 on Friday. The company has a market capitalization of $35.61 billion, a price-to-earnings ratio of 50.79 and a beta of 0.31. The stock has a 50 day moving average price of $69.90 and a 200 day moving average price of $65.91. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.72.

American Electric Power Company (NYSE:AEP) last posted its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.01. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.85 billion. American Electric Power Company had a net margin of 4.31% and a return on equity of 10.78%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 earnings per share. Analysts anticipate that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.26%. American Electric Power Company’s payout ratio is 166.20%.

TRADEMARK VIOLATION NOTICE: “American Electric Power Company, Inc. (AEP) Position Cut by United Bank Inc.” was first published by WKRB News and is owned by of WKRB News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.wkrb13.com/markets/2229934/american-electric-power-company-inc-aep-position-cut-by-united-bank-inc.html.

A number of research analysts have commented on AEP shares. Barclays PLC reiterated a “buy” rating and issued a $71.00 price objective on shares of American Electric Power Company in a research report on Monday, February 20th. Jefferies Group LLC increased their price objective on American Electric Power Company from $65.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday, March 14th. Deutsche Bank AG increased their price objective on American Electric Power Company from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Mizuho reiterated a “buy” rating and issued a $72.50 price objective on shares of American Electric Power Company in a research report on Wednesday, April 19th. Finally, Zacks Investment Research lowered American Electric Power Company from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.60.

In related news, insider Paul Chodak III sold 1,110 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

American Electric Power Company Company 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.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NYSE:AEP).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229934/american-electric-power-company-inc-aep-position-cut-by-united-bank-inc.html

Receive News & Ratings for American Electric Power Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.