MARSHALL WACE ASIA Ltd Takes Position in American Electric Power Company, Inc. (AEP)

MARSHALL WACE ASIA Ltd purchased a new position in American Electric Power Company, Inc. (NYSE:AEP) during the first quarter, Holdings Channel reports. The fund purchased 26,057 shares of the utilities provider’s stock, valued at approximately $1,746,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Douglass Winthrop Advisors LLC boosted its position in American Electric Power Company by 13.7% in the first quarter. Douglass Winthrop Advisors LLC now owns 13,320 shares of the utilities provider’s stock worth $894,000 after buying an additional 1,600 shares during the period. Creative Planning boosted its position in American Electric Power Company by 5.4% in the first quarter. Creative Planning now owns 65,215 shares of the utilities provider’s stock worth $4,378,000 after buying an additional 3,319 shares during the period. CHURCHILL MANAGEMENT Corp boosted its position in American Electric Power Company by 4.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 40,308 shares of the utilities provider’s stock worth $2,706,000 after buying an additional 1,699 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in American Electric Power Company by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 819,729 shares of the utilities provider’s stock worth $55,022,000 after buying an additional 19,245 shares during the period. Finally, Private Asset Management Inc. purchased a new position in American Electric Power Company during the first quarter worth about $212,000. Hedge funds and other institutional investors own 70.37% of the company’s stock.

American Electric Power Company, Inc. (AEP) opened at 69.15 on Monday. The company has a market capitalization of $34.00 billion, a PE ratio of 48.49 and a beta of 0.30. American Electric Power Company, Inc. has a 12 month low of $57.89 and a 12 month high of $72.97. The stock’s 50 day moving average is $70.83 and its 200-day moving average is $66.67.

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 Thomson Reuters’ consensus estimate of $0.97 by $0.01. American Electric Power Company had a return on equity of 10.78% and a net margin of 4.31%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the company earned $1.02 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts expect that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

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A number of research firms have recently issued reports on AEP. Goldman Sachs Group, Inc. (The) cut shares of American Electric Power Company from a “buy” rating to a “neutral” rating and lifted their target price for the company from $68.00 to $70.00 in a research note on Monday, June 26th. Jefferies Group LLC lifted their target price on shares of American Electric Power Company from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Mizuho reiterated a “buy” rating and issued a $72.50 target price on shares of American Electric Power Company in a research note on Wednesday, April 19th. BidaskClub cut shares of American Electric Power Company from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research cut shares of American Electric Power Company from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $71.30.

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

About American Electric Power Company

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).

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

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