Louisiana State Employees Retirement System Reduces Holdings in American Electric Power Company Inc (AEP)

Louisiana State Employees Retirement System lowered its stake in American Electric Power Company Inc (NYSE:AEP) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,800 shares of the utilities provider’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in American Electric Power were worth $2,192,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Banced Corp bought a new position in shares of American Electric Power in the fourth quarter valued at $207,000. Gofen & Glossberg LLC IL bought a new position in shares of American Electric Power in the fourth quarter valued at $205,000. Nadler Financial Group Inc. bought a new position in shares of American Electric Power in the fourth quarter valued at $205,000. CHURCHILL MANAGEMENT Corp increased its holdings in shares of American Electric Power by 630.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 293,571 shares of the utilities provider’s stock valued at $21,598,000 after buying an additional 253,402 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd increased its holdings in shares of American Electric Power by 10.4% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 12,700 shares of the utilities provider’s stock valued at $934,000 after buying an additional 1,200 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors.

Shares of American Electric Power Company Inc (NYSE AEP) opened at $68.25 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. American Electric Power Company Inc has a one year low of $62.14 and a one year high of $78.07. The stock has a market cap of $33,570.00, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 3.65 and a beta of 0.30.

American Electric Power (NYSE:AEP) last announced its earnings results 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). American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the firm earned $1.30 earnings per share. American Electric Power’s revenue for the quarter was down 12.8% compared to the same quarter last year. equities research analysts anticipate that American Electric Power Company Inc will post 3.61 earnings per share for the current year.

Several research analysts have issued reports on the company. Deutsche Bank raised American Electric Power from a “hold” rating to a “buy” rating in a report on Thursday. Mizuho raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $78.00 price target on shares of American Electric Power in a report on Tuesday, January 9th. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Guggenheim cut American Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. American Electric Power currently has an average rating of “Buy” and an average target price of $75.08.

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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.

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

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