Tiaa Fsb Decreases Position in American Electric Power Company Inc (AEP)

Tiaa Fsb trimmed its position in shares of American Electric Power Company Inc (NYSE:AEP) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,335 shares of the utilities provider’s stock after selling 825 shares during the period. Tiaa Fsb’s holdings in American Electric Power were worth $2,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its position in shares of American Electric Power by 24.0% in the 3rd quarter. Morgan Stanley now owns 3,695,743 shares of the utilities provider’s stock worth $261,954,000 after buying an additional 714,473 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd grew its position in shares of American Electric Power by 186.2% in the 1st quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 8,300 shares of the utilities provider’s stock worth $695,000 after buying an additional 5,400 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of American Electric Power by 124.6% in the 4th quarter. Commonwealth Bank of Australia now owns 3,681,416 shares of the utilities provider’s stock worth $275,134,000 after buying an additional 2,042,518 shares during the last quarter. First Midwest Bank Trust Division grew its position in shares of American Electric Power by 0.8% in the 4th quarter. First Midwest Bank Trust Division now owns 21,327 shares of the utilities provider’s stock worth $1,594,000 after buying an additional 176 shares during the last quarter. Finally, Orrstown Financial Services Inc. grew its position in shares of American Electric Power by 1,778.1% in the 1st quarter. Orrstown Financial Services Inc. now owns 6,949 shares of the utilities provider’s stock worth $582,000 after buying an additional 6,579 shares during the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.

NYSE AEP opened at $83.05 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.37 and a current ratio of 0.48. American Electric Power Company Inc has a twelve month low of $62.71 and a twelve month high of $86.10. The company has a market cap of $41.56 billion, a P/E ratio of 21.03, a PEG ratio of 3.61 and a beta of 0.17.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Research analysts predict that American Electric Power Company Inc will post 4.12 EPS for the current fiscal year.

Several research firms recently weighed in on AEP. Goldman Sachs Group lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research report on Monday, April 8th. Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, March 18th. JPMorgan Chase & Co. upgraded American Electric Power from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $88.00 in a research report on Tuesday, March 12th. Morgan Stanley lifted their price target on American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Finally, Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $79.07.

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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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