Vigilant Capital Management LLC Has $92,000 Holdings in American Electric Power Company Inc (NYSE:AEP)

Vigilant Capital Management LLC increased its stake in American Electric Power Company Inc (NYSE:AEP) by 442.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 987 shares of the utilities provider’s stock after purchasing an additional 805 shares during the period. Vigilant Capital Management LLC’s holdings in American Electric Power were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMA Wealth Inc. acquired a new position in American Electric Power in the 2nd quarter worth $30,000. JJJ Advisors Inc. acquired a new position in shares of American Electric Power during the 2nd quarter worth about $31,000. Weaver Consulting Group acquired a new position in shares of American Electric Power during the 1st quarter worth about $32,000. Tarbox Family Office Inc. boosted its stake in shares of American Electric Power by 38.9% during the 2nd quarter. Tarbox Family Office Inc. now owns 436 shares of the utilities provider’s stock worth $38,000 after buying an additional 122 shares during the last quarter. Finally, Kings Point Capital Management acquired a new position in shares of American Electric Power during the 2nd quarter worth about $39,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

AEP has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of American Electric Power from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their price objective on shares of American Electric Power from $92.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley increased their price objective on shares of American Electric Power from $91.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating and set a $96.00 price objective for the company in a research note on Thursday, July 11th. Finally, Mizuho increased their price objective on shares of American Electric Power from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power has a consensus rating of “Buy” and an average price target of $93.91.

Shares of AEP stock traded up $0.53 on Friday, reaching $93.77. The stock had a trading volume of 1,005,669 shares, compared to its average volume of 2,325,408. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 1.29. The firm’s 50-day moving average is $92.48 and its two-hundred day moving average is $88.85. The firm has a market capitalization of $45.30 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.92 and a beta of 0.09. American Electric Power Company Inc has a 12 month low of $71.25 and a 12 month high of $94.89.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 25th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $4.13 billion. American Electric Power had a net margin of 12.53% and a return on equity of 10.69%. American Electric Power’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. On average, sell-side analysts forecast that American Electric Power Company Inc will post 4.15 earnings per share for the current fiscal year.

In other American Electric Power news, VP Brian X. Tierney sold 4,458 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $89.73, for a total value of $400,016.34. Following the transaction, the vice president now directly owns 39,745 shares of the company’s stock, valued at approximately $3,566,318.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles E. Zebula sold 1,216 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total transaction of $110,631.68. Following the completion of the transaction, the insider now directly owns 7,420 shares in the company, valued at $675,071.60. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.

American Electric Power Company Profile

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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