Strategic Advisors LLC reduced its position in shares of American Electric Power Company Inc (NYSE:AEP) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,343 shares of the utilities provider’s stock after selling 846 shares during the period. Strategic Advisors LLC’s holdings in American Electric Power were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aperio Group LLC raised its stake in American Electric Power by 5.9% in the third quarter. Aperio Group LLC now owns 394,197 shares of the utilities provider’s stock worth $27,941,000 after buying an additional 22,048 shares in the last quarter. Highland Capital Management LLC bought a new position in American Electric Power in the third quarter worth about $4,670,000. Bogart Wealth LLC raised its stake in American Electric Power by 7.1% in the third quarter. Bogart Wealth LLC now owns 27,284 shares of the utilities provider’s stock worth $1,934,000 after buying an additional 1,802 shares in the last quarter. First American Bank bought a new position in American Electric Power in the third quarter worth about $2,785,000. Finally, Eastern Bank bought a new position in American Electric Power in the third quarter worth about $2,223,000. Institutional investors own 72.51% of the company’s stock.

A number of research firms recently issued reports on AEP. Zacks Investment Research raised shares of American Electric Power from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Monday. Morgan Stanley set a $80.00 target price on shares of American Electric Power and gave the company a “buy” rating in a research note on Thursday, October 11th. Wells Fargo & Co raised their target price on shares of American Electric Power from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Citigroup raised their target price on shares of American Electric Power from $71.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, September 10th. Finally, Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Monday, September 10th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.97.

Shares of AEP traded down $0.03 on Thursday, hitting $71.69. 133,936 shares of the stock traded hands, compared to its average volume of 3,002,765. The company has a market capitalization of $34.94 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 3.26 and a beta of 0.10. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 1.05. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $78.07.

American Electric Power (NYSE:AEP) last announced its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $1.01 earnings per share 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 quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, sell-side analysts expect that American Electric Power Company Inc will post 3.89 EPS for the current year.

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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