American Electric Power Company Inc (AEP) Shares Sold by F&V Capital Management LLC

F&V Capital Management LLC lowered its stake in American Electric Power Company Inc (NYSE:AEP) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,590 shares of the utilities provider’s stock after selling 2,255 shares during the period. American Electric Power makes up approximately 1.9% of F&V Capital Management LLC’s holdings, making the stock its 26th biggest position. F&V Capital Management LLC’s holdings in American Electric Power were worth $3,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AEP. Vanguard Group Inc. increased its holdings in American Electric Power by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,558,524 shares of the utilities provider’s stock worth $2,662,148,000 after purchasing an additional 584,608 shares in the last quarter. Vanguard Group Inc increased its holdings in American Electric Power by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 37,558,524 shares of the utilities provider’s stock worth $2,662,148,000 after purchasing an additional 584,608 shares in the last quarter. BlackRock Inc. increased its holdings in American Electric Power by 3.9% during the 4th quarter. BlackRock Inc. now owns 36,683,081 shares of the utilities provider’s stock worth $2,741,691,000 after purchasing an additional 1,381,916 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of American Electric Power by 9.1% in the 3rd quarter. Capital Research Global Investors now owns 18,496,658 shares of the utilities provider’s stock valued at $1,311,043,000 after acquiring an additional 1,548,554 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of American Electric Power by 4.2% in the 4th quarter. Northern Trust Corp now owns 5,951,102 shares of the utilities provider’s stock valued at $444,784,000 after acquiring an additional 241,872 shares in the last quarter. 73.43% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on AEP shares. Goldman Sachs Group downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research note on Monday, April 8th. Zacks Investment Research upgraded shares of American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday, March 18th. JPMorgan Chase & Co. upgraded shares of American Electric Power from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $88.00 in a research report on Tuesday, March 12th. Morgan Stanley raised their price objective on shares of American Electric Power from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 12th. Finally, Guggenheim cut shares of American Electric Power from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. American Electric Power currently has a consensus rating of “Buy” and an average target price of $79.07.

Shares of NYSE:AEP traded up $0.11 during mid-day trading on Monday, reaching $84.26. 2,415,794 shares of the company’s stock were exchanged, compared to its average volume of 2,802,583. The firm has a market cap of $41.64 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 3.60 and a beta of 0.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.37 and a current ratio of 0.48. American Electric Power Company Inc has a twelve month low of $62.71 and a twelve month high of $86.10.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. American Electric Power had a net margin of 11.91% and a return on equity of 10.32%. American Electric Power’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Sell-side analysts forecast that American Electric Power Company Inc will post 4.12 EPS for the current year.

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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.

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

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