Strategic Advisors LLC decreased its position in shares of American Electric Power Company Inc (NYSE:AEP) by 17.8% in the fourth quarter, HoldingsChannel reports. The firm owned 8,191 shares of the utilities provider’s stock after selling 1,778 shares during the quarter. Strategic Advisors LLC’s holdings in American Electric Power were worth $603,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of American Electric Power by 188.7% during the third quarter. Meeder Asset Management Inc. now owns 5,333 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 3,486 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of American Electric Power by 3.4% during the third quarter. Raymond James Trust N.A. now owns 25,915 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 861 shares in the last quarter. California Public Employees Retirement System grew its position in shares of American Electric Power by 6.5% during the third quarter. California Public Employees Retirement System now owns 1,234,413 shares of the utilities provider’s stock valued at $86,705,000 after purchasing an additional 75,260 shares in the last quarter. W. E. Donoghue & Co. LLC purchased a new position in shares of American Electric Power during the second quarter valued at about $2,148,000. Finally, Commonwealth Equity Services Inc grew its position in shares of American Electric Power by 1.2% during the third quarter. Commonwealth Equity Services Inc now owns 207,463 shares of the utilities provider’s stock valued at $14,572,000 after purchasing an additional 2,385 shares in the last quarter. Hedge funds and other institutional investors own 71.09% of the company’s stock.

American Electric Power Company Inc (NYSE AEP) traded down $1.27 on Tuesday, reaching $67.46. The company had a trading volume of 6,646,900 shares, compared to its average volume of 3,896,778. The stock has a market capitalization of $33,080.00, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.65 and a beta of 0.30. American Electric Power Company Inc has a 12 month low of $62.14 and a 12 month high of $78.07. The company has a current ratio of 0.56, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. analysts predict that American Electric Power Company Inc will post 3.61 earnings per share for the current year.

A number of research analysts have recently weighed in on AEP shares. Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price objective for the company in a research report on Wednesday, December 13th. ValuEngine lowered American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Zacks Investment Research lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Guggenheim lowered American Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of American Electric Power in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $75.08.

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About American Electric Power

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.

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

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