American Electric Power Company Inc (NYSE:AEP) Stake Increased by Excalibur Management Corp

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Excalibur Management Corp increased its stake in American Electric Power Company Inc (NYSE:AEP) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,872 shares of the utilities provider’s stock after buying an additional 647 shares during the period. Excalibur Management Corp’s holdings in American Electric Power were worth $644,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in shares of American Electric Power by 15.5% during the first quarter. Nordea Investment Management AB now owns 77,486 shares of the utilities provider’s stock valued at $6,489,000 after acquiring an additional 10,383 shares during the period. Thomasville National Bank raised its holdings in American Electric Power by 10.9% during the 2nd quarter. Thomasville National Bank now owns 9,031 shares of the utilities provider’s stock worth $795,000 after buying an additional 890 shares during the period. Rockland Trust Co. raised its holdings in American Electric Power by 63.6% during the 2nd quarter. Rockland Trust Co. now owns 2,618 shares of the utilities provider’s stock worth $230,000 after buying an additional 1,018 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its holdings in American Electric Power by 1.1% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 50,621 shares of the utilities provider’s stock worth $4,455,000 after buying an additional 545 shares during the period. Finally, Carroll Financial Associates Inc. increased its holdings in shares of American Electric Power by 6.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 5,064 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 73.78% of the company’s stock.

In other news, insider Charles E. Zebula sold 1,216 shares of the 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 directly owns 7,420 shares of the company’s stock, valued at $675,071.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian X. Tierney sold 4,458 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were 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 directly owns 39,745 shares of the company’s stock, valued at $3,566,318.85. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

American Electric Power stock traded down $0.17 during trading hours on Monday, reaching $93.97. 806,409 shares of the company were exchanged, compared to its average volume of 2,317,969. The firm has a market cap of $45.92 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.96 and a beta of 0.09. 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 stock has a 50-day moving average of $92.57 and a 200 day moving average of $88.91. American Electric Power Company Inc has a 12 month low of $71.62 and a 12 month high of $94.89.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, July 25th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. American Electric Power had a return on equity of 10.69% and a net margin of 12.53%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. As a group, research analysts forecast that American Electric Power Company Inc will post 4.16 EPS for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 price target for the company in a research note on Thursday, July 11th. UBS Group upped their target price on American Electric Power from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America reaffirmed a “buy” rating and set a $98.00 target price (up previously from $93.00) on shares of American Electric Power in a research report on Tuesday, July 9th. SunTrust Banks upped their target price on American Electric Power from $98.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on American Electric Power from $92.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $93.91.

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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