DekaBank Deutsche Girozentrale Sells 111,417 Shares of American Electric Power Company Inc (NYSE:AEP)

Share on StockTwits

DekaBank Deutsche Girozentrale lowered its stake in American Electric Power Company Inc (NYSE:AEP) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 785,971 shares of the utilities provider’s stock after selling 111,417 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Electric Power were worth $69,217,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cobblestone Capital Advisors LLC NY lifted its stake in American Electric Power by 144.2% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 8,468 shares of the utilities provider’s stock valued at $745,000 after buying an additional 5,000 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in American Electric Power by 47.2% in the first quarter. Cornerstone Advisors Inc. now owns 546 shares of the utilities provider’s stock valued at $46,000 after buying an additional 175 shares in the last quarter. Coastal Capital Group Inc. bought a new position in American Electric Power in the second quarter valued at approximately $145,000. Cetera Advisor Networks LLC lifted its stake in American Electric Power by 14.7% in the first quarter. Cetera Advisor Networks LLC now owns 26,278 shares of the utilities provider’s stock valued at $2,204,000 after buying an additional 3,377 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its stake in American Electric Power by 0.7% in the first quarter. State Treasurer State of Michigan now owns 142,181 shares of the utilities provider’s stock valued at $11,908,000 after buying an additional 1,000 shares in the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AEP stock opened at $90.25 on Wednesday. The stock has a fifty day simple moving average of $89.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.36 and a current ratio of 0.49. The company has a market capitalization of $44.27 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 3.85 and a beta of 0.13. American Electric Power Company Inc has a 12 month low of $68.92 and a 12 month high of $91.99.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. American Electric Power had a net margin of 12.53% and a return on equity of 10.69%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that American Electric Power Company Inc will post 4.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, August 8th. American Electric Power’s dividend payout ratio (DPR) is currently 67.85%.

In other American Electric Power news, EVP Paul Chodak III sold 1,303 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $86.52, for a total transaction of $112,735.56. Following the sale, the executive vice president now directly owns 8,152 shares of the company’s stock, valued at $705,311.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa M. Barton sold 1,752 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $89.41, for a total transaction of $156,646.32. Following the sale, the insider now directly owns 34,460 shares in the company, valued at $3,081,068.60. The disclosure for this sale can be found here. Insiders have sold 7,513 shares of company stock worth $669,398 over the last ninety days. Insiders own 0.16% of the company’s stock.

AEP has been the topic of a number of research reports. Wolfe Research set a $89.00 price target on shares of American Electric Power and gave the company a “buy” rating in a research note on Friday, April 26th. UBS Group boosted their price objective on shares of American Electric Power from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. KeyCorp began coverage on shares of American Electric Power in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. SunTrust Banks boosted their price objective on shares of American Electric Power from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 price objective on the stock in a research report on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. American Electric Power presently has an average rating of “Buy” and a consensus price target of $88.42.

About American Electric Power

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.

Read More: Blue-Chip Stocks

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company Inc (NYSE:AEP).

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

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
SB Financial Group Inc  Shares Bought by EJF Capital LLC
SB Financial Group Inc Shares Bought by EJF Capital LLC


© 2006-2019 Ticker Report