BB&T Corp Sells 260 Shares of American Electric Power Company Inc (AEP)

BB&T Corp decreased its position in American Electric Power Company Inc (NYSE:AEP) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,209 shares of the utilities provider’s stock after selling 260 shares during the period. BB&T Corp’s holdings in American Electric Power were worth $3,703,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sageworth Trust Co lifted its stake in American Electric Power by 1,026.9% in the first quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after buying an additional 267 shares during the period. Legacy Advisors LLC acquired a new position in American Electric Power in the first quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in American Electric Power in the first quarter valued at about $28,000. Capital Financial Planning LLC acquired a new position in American Electric Power in the fourth quarter valued at about $26,000. Finally, Claybrook Capital LLC acquired a new position in American Electric Power in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 73.51% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Monday, March 18th. Morgan Stanley lowered American Electric Power from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $86.00 to $83.20 in a research note on Thursday, April 18th. Goldman Sachs Group lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research note on Monday, April 8th. JPMorgan Chase & Co. raised American Electric Power from a “neutral” rating to an “overweight” rating and increased their target price for the company from $78.00 to $88.00 in a research note on Tuesday, March 12th. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $79.01.

NYSE AEP opened at $84.83 on Friday. The stock has a market cap of $41.43 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.58 and a beta of 0.17. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 1.14. American Electric Power Company Inc has a one year low of $62.71 and a one year high of $86.10.

American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.09. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.23 billion. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. American Electric Power’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. Research analysts anticipate that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, May 9th. American Electric Power’s dividend payout ratio is currently 67.85%.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/bbt-corp-sells-260-shares-of-american-electric-power-company-inc-aep.html.

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.

Featured Article: Lock-Up Period Expiration

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.