L & S Advisors Inc Trims Position in American Electric Power Company Inc (NYSE:AEP)

Share on StockTwits

L & S Advisors Inc lessened its stake in shares of American Electric Power Company Inc (NYSE:AEP) by 8.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,381 shares of the utilities provider’s stock after selling 2,483 shares during the quarter. L & S Advisors Inc’s holdings in American Electric Power were worth $2,410,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. IMA Wealth Inc. purchased a new position in American Electric Power during the 2nd quarter valued at about $30,000. JJJ Advisors Inc. purchased a new position in American Electric Power during the 2nd quarter valued at about $31,000. Glassman Wealth Services grew its holdings in American Electric Power by 138.0% during the 1st quarter. Glassman Wealth Services now owns 388 shares of the utilities provider’s stock valued at $32,000 after buying an additional 225 shares in the last quarter. Weaver Consulting Group purchased a new position in American Electric Power during the 1st quarter valued at about $32,000. Finally, Tarbox Family Office Inc. grew its holdings in American Electric Power by 38.9% during the 2nd quarter. Tarbox Family Office Inc. now owns 436 shares of the utilities provider’s stock valued at $38,000 after buying an additional 122 shares in the last quarter. 73.88% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AEP traded down $0.14 during midday trading on Friday, hitting $91.88. 6,644 shares of the company’s stock were exchanged, compared to its average volume of 2,207,312. American Electric Power Company Inc has a 12-month low of $68.92 and a 12-month high of $93.23. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.29. The company has a market cap of $45.39 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 3.89 and a beta of 0.11. The business’s fifty day moving average price is $90.15 and its two-hundred day moving average price is $87.07.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were given a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $2.68 dividend on an annualized basis and a yield of 2.92%. American Electric Power’s payout ratio is 67.85%.

In related news, VP Brian X. Tierney sold 4,458 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $89.73, for a total value of $400,016.34. Following the completion of the sale, the vice president now owns 39,745 shares in the company, valued at approximately $3,566,318.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles E. Zebula sold 1,216 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $90.98, for a total value of $110,631.68. Following the completion of the sale, the insider now owns 7,420 shares of the company’s stock, valued at approximately $675,071.60. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Several brokerages have recently commented on AEP. UBS Group boosted their price objective on American Electric Power from $94.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, July 12th. KeyCorp began coverage on American Electric Power in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 price objective for the company in a report on Thursday, July 11th. SunTrust Banks boosted their price objective on American Electric Power from $98.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley cut their price objective on American Electric Power from $93.00 to $91.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $89.82.

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.

Recommended Story: Holder of Record

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

L & S Advisors Inc Trims Position in American Electric Power Company Inc
L & S Advisors Inc Trims Position in American Electric Power Company Inc
L & S Advisors Inc Lowers Stock Position in Enterprise Products Partners L.P.
L & S Advisors Inc Lowers Stock Position in Enterprise Products Partners L.P.
L & S Advisors Inc Sells 11,987 Shares of Walmart Inc
L & S Advisors Inc Sells 11,987 Shares of Walmart Inc
L & S Advisors Inc Has $2.73 Million Holdings in Adobe Inc
L & S Advisors Inc Has $2.73 Million Holdings in Adobe Inc
L & S Advisors Inc Has $2.96 Million Position in AT&T Inc.
L & S Advisors Inc Has $2.96 Million Position in AT&T Inc.
L & S Advisors Inc Raises Stock Holdings in The Coca-Cola Co
L & S Advisors Inc Raises Stock Holdings in The Coca-Cola Co


© 2006-2019 Ticker Report