Teachers Retirement System of The State of Kentucky Reduces Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)


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Teachers Retirement System of The State of Kentucky trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,838 shares of the company’s stock after selling 3,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Electric Power were worth $8,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenhouse Wealth Management LLC purchased a new position in American Electric Power during the fourth quarter worth $25,000. ELM Advisors LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $25,000. MV Capital Management Inc. lifted its position in shares of American Electric Power by 200.0% during the fourth quarter. MV Capital Management Inc. now owns 300 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. Clearview Wealth Advisors LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $28,000. Finally, Zeit Capital LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $29,000. 75.01% of the stock is owned by institutional investors.

In other news, EVP David Matthew Feinberg sold 11,951 shares of the business’s stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $75.42, for a total transaction of $901,344.42. Following the sale, the executive vice president now owns 13,325 shares in the company, valued at $1,004,971.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles R. Patton sold 14,791 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $85.00, for a total value of $1,257,235.00. Following the sale, the executive vice president now owns 29,367 shares in the company, valued at approximately $2,496,195. The disclosure for this sale can be found here. Insiders sold 118,935 shares of company stock valued at $9,204,606 over the last quarter. 0.16% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on AEP. Edward Jones began coverage on American Electric Power in a research report on Tuesday, March 16th. They set a “buy” rating for the company. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Wednesday, January 20th. Morgan Stanley lifted their target price on American Electric Power from $98.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, March 25th. Wells Fargo & Company downgraded American Electric Power from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $101.00 to $88.00 in a report on Wednesday, January 6th. Finally, The Goldman Sachs Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $90.00 to $83.00 in a report on Thursday, January 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $92.33.

Shares of American Electric Power stock opened at $86.69 on Thursday. The company has a market capitalization of $43.06 billion, a PE ratio of 22.40, a P/E/G ratio of 3.00 and a beta of 0.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.34 and a current ratio of 0.48. The company has a 50-day simple moving average of $81.22 and a two-hundred day simple moving average of $82.43. American Electric Power Company, Inc. has a one year low of $74.80 and a one year high of $94.21.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Wednesday, February 24th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.97 billion. American Electric Power had a net margin of 12.82% and a return on equity of 10.19%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. On average, equities analysts predict that American Electric Power Company, Inc. will post 4.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th were issued a $0.74 dividend. The ex-dividend date of this dividend was Tuesday, February 9th. This represents a $2.96 dividend on an annualized basis and a yield of 3.41%. American Electric Power’s dividend payout ratio is presently 69.81%.

About American Electric Power

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.

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

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