Murphy Capital Management Inc. reduced its holdings in American Electric Power Company Inc (NYSE:AEP) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,185 shares of the utilities provider’s stock after selling 1,900 shares during the period. Murphy Capital Management Inc.’s holdings in American Electric Power were worth $1,522,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in American Electric Power in the 1st quarter worth about $25,000. Sageworth Trust Co increased its position in American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 267 shares during the last quarter. Capital Financial Planning LLC acquired a new position in American Electric Power in the 4th quarter worth about $26,000. Claybrook Capital LLC acquired a new position in American Electric Power in the 4th quarter worth about $27,000. Finally, Athena Capital Advisors LLC acquired a new position in American Electric Power in the 4th quarter worth about $27,000. 73.43% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on AEP shares. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. 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. JPMorgan Chase & Co. set a $78.00 price objective on American Electric Power and gave the company a “hold” rating in a report on Friday, January 25th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Morgan Stanley increased their price objective on American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.07.

AEP traded up $0.16 during midday trading on Thursday, reaching $83.51. The company’s stock had a trading volume of 129,018 shares, compared to its average volume of 3,495,671. The firm has a market capitalization of $41.11 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.54 and a beta of 0.17. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. American Electric Power Company Inc has a twelve month low of $62.71 and a twelve month high of $86.10.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, analysts anticipate that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/american-electric-power-company-inc-aep-shares-sold-by-murphy-capital-management-inc/2955598.html.

American Electric Power Profile

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.

Read More: How does new data get added to a blockchain?

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

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