American Electric Power Company Inc (AEP) Holdings Trimmed by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX reduced its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,205 shares of the utilities provider’s stock after selling 11,612 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in American Electric Power were worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. grew its position in shares of American Electric Power by 9.2% in the second quarter. Raymond James Trust N.A. now owns 25,054 shares of the utilities provider’s stock valued at $1,740,000 after purchasing an additional 2,113 shares during the last quarter. Teachers Advisors LLC grew its position in shares of American Electric Power by 6.6% in the second quarter. Teachers Advisors LLC now owns 1,389,222 shares of the utilities provider’s stock valued at $96,509,000 after purchasing an additional 86,368 shares during the last quarter. Hugh Johnson Advisors LLC acquired a new stake in shares of American Electric Power in the second quarter valued at approximately $267,000. Strategic Advisors LLC grew its position in shares of American Electric Power by 0.4% in the second quarter. Strategic Advisors LLC now owns 10,175 shares of the utilities provider’s stock valued at $707,000 after purchasing an additional 36 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of American Electric Power by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 3,036,675 shares of the utilities provider’s stock valued at $210,957,000 after purchasing an additional 60,874 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

American Electric Power Company Inc (AEP) opened at $69.50 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. The stock has a market cap of $34,190.00, a P/E ratio of 18.15, a P/E/G ratio of 3.83 and a beta of 0.30. American Electric Power Company Inc has a one year low of $62.12 and a one year high of $78.07.

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

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of American Electric Power to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 price target on the stock in a research report on Wednesday, December 13th. Deutsche Bank lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Zacks Investment Research lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $75.08.

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American Electric Power 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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