American Electric Power Company, Inc. (AEP) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. trimmed its holdings in shares of American Electric Power Company, Inc. (NYSE:AEP) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,677 shares of the utilities provider’s stock after selling 200 shares during the quarter. Linscomb & Williams Inc.’s holdings in American Electric Power were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ledyard National Bank increased its position in shares of American Electric Power by 52.6% during the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 500 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of American Electric Power during the first quarter valued at approximately $105,000. Chicago Partners Investment Group LLC increased its position in shares of American Electric Power by 0.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 5 shares during the last quarter. Zions Bancorporation increased its position in shares of American Electric Power by 1.3% during the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 21 shares during the last quarter. Finally, Smithfield Trust Co. increased its position in shares of American Electric Power by 8.1% during the second quarter. Smithfield Trust Co. now owns 1,677 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 125 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

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A number of analysts recently commented on AEP shares. KeyCorp reaffirmed a “buy” rating and set a $73.00 price target on shares of American Electric Power in a research report on Friday, September 1st. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley increased their price objective on American Electric Power from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $74.00 to $73.00 in a report on Friday, September 22nd. Finally, BidaskClub raised American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $73.10.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the prior year, the firm posted $0.95 earnings per share.

American Electric Power Company Profile

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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