American Electric Power Company Inc (AEP) Shares Sold by Macnealy Hoover Investment Management Inc.

Macnealy Hoover Investment Management Inc. reduced its position in American Electric Power Company Inc (NYSE:AEP) by 10.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,660 shares of the utilities provider’s stock after selling 325 shares during the period. Macnealy Hoover Investment Management Inc.’s holdings in American Electric Power were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Oregon Public Employees Retirement Fund increased its stake in American Electric Power by 7,281.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,970,039 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 3,916,258 shares in the last quarter. Commonwealth Bank of Australia increased its position in American Electric Power by 124.6% during the fourth 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 in the last quarter. BlackRock Inc. increased its position in American Electric Power by 3.9% during the fourth quarter. BlackRock Inc. now owns 36,683,081 shares of the utilities provider’s stock worth $2,741,691,000 after buying an additional 1,381,916 shares in the last quarter. California Public Employees Retirement System increased its position in American Electric Power by 42.2% during the fourth quarter. California Public Employees Retirement System now owns 2,623,879 shares of the utilities provider’s stock worth $196,109,000 after buying an additional 778,581 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in American Electric Power by 26.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,656,258 shares of the utilities provider’s stock worth $273,269,000 after buying an additional 757,505 shares in the last quarter. 73.51% of the stock is owned by hedge funds and other institutional investors.

AEP has been the subject of several recent research reports. Morgan Stanley raised their price target on American Electric Power from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Guggenheim downgraded 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 target on American Electric Power and gave the stock a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday, March 18th. Finally, Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Thursday, January 3rd. 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $79.07.

Shares of AEP stock traded down $1.21 during mid-day trading on Tuesday, hitting $83.05. 2,186,747 shares of the company’s stock were exchanged, compared to its average volume of 2,794,279. American Electric Power Company Inc has a fifty-two week low of $62.71 and a fifty-two week high of $86.10. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 3.61 and a beta of 0.17.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.

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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.

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

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