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Zacks Investment Management Increases Stake in American Electric Power Company, Inc. (AEP)

14 January 2018

The company has market cap of $33.19 billion. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since January 13, 2017 and is uptrending. It has underperformed by 1.58% the S&P500.

Capital Research Global Investors increased its stake in American Electric Power Co Inc (AEP) by 9.81% based on its latest 2017Q3 regulatory filing with the SEC. Boston Private Wealth LLC now owns 11,270 shares of the company's stock valued at $790,000 after buying an additional 521 shares during the last quarter. For the quarter, shares have been noted at -8.02%.

Brookmont Capital Management, which manages about $415.17 million and $182.63M US Long portfolio, decreased its stake in Southern Co (NYSE:SO) by 25,352 shares to 25,623 shares, valued at $1.26M in 2017Q3, according to the filing. The stock decreased 0.82% or $0.565 during the last trading session, reaching $68.165. Moreover, Commonwealth Bank Of Australia has 2.99% invested in the company for 4.39 million shares. JPMorgan Chase & Co. increased their price objective on American Electric Power to $75.00 and gave the company a neutral rating in a report on Thursday, October 12th. (NYSE:AEP) has risen 7.63% since January 13, 2017 and is uptrending. Scoria Capital Partners Lp owns 40,000 shares or 3.15% of their USA portfolio. It also reduced its holding in Conocophillips (NYSE:COP) by 60,099 shares in the quarter, leaving it with 78,923 shares, and cut its stake in Procter And Gamble Co (NYSE:PG). Narrowing in, the stock is at a distance of -13.59% from the 50 day high and -1.35% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of American Electric Power Company, Inc. The current consensus recommendation provided by covering analysts is 2.50. Therefore 0 are positive. American Electric Power Company Inc. had 63 analyst reports since August 18, 2015 according to SRatingsIntel. American Electric Power Company, Inc. Morgan Stanley maintained it with "Equal-Weight" rating and $80 target in Monday, November 13 report.

Ratings analysis reveals 47% of American Electric Power Company Inc.'s analysts are positive. (NYSE:AEP) for 129 shares. The company was maintained on Thursday, January 26 by RBC Capital Markets. The firm has "Buy" rating by Investec given on Friday, March 4. The rating was maintained by Jefferies on Wednesday, July 19 with "Hold". The company was maintained on Thursday, April 28 by Barclays Capital. Morgan Stanley maintained American Electric Power Company, Inc. S&P Research maintained Union Pacific Corporation (NYSE:UNP) on Friday, October 23 with "Buy" rating.

Investors sentiment increased to 1.13 in Q3 2017. The low EPS estimate is $0.98, while the high EPS estimate is $1.04. It improved, as 47 investors sold AEP shares while 241 reduced holdings. The institutional investor held 42,700 shares of the public utilities company at the end of 2017Q3, valued at $3.00M, up from 30,800 at the end of the previous reported quarter. Advisory Svcs Net Ltd Liability Corp reported 476 shares. Covington Advisors holds 1.21% or 45,465 shares in its portfolio. (NYSE:AEP). Port Solutions Limited Liability Company owns 0% invested in American Electric Power Company, Inc. (NYSE:AEP) for 1.40 million shares. Bancshares Of Montreal Can accumulated 0.36% or 5.66M shares. Apg Asset Mgmt Nv reported 2.94 million shares stake.

Kentucky Power’s Kevin Griffith worked to restore power in Miami following Hurricane Irma
Kentucky Power’s Kevin Griffith worked to restore power in Miami following Hurricane Irma

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. (NYSE:AEP) for 76,141 shares. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.92. Public Employees Retirement Association Of Colorado invested in 86,639 shares or 0.04% of the stock. Fmr Ltd Liability Corp stated it has 0.01% in American Electric Power Company, Inc. Capital Invsts reported 420,000 shares or 0.04% of all its holdings.

Shares of American Electric Power (AEP) opened at $67.46 on Tuesday.

Davenport & Company Llc, which manages about $7.13B and $7.89 billion US Long portfolio, upped its stake in Mo (NYSE:MO) by 43,547 shares to 785,876 shares, valued at $49.84 million in 2017Q3, according to the filing.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.04, from 1.09 in 2017Q2. Cornerstone Advsr reported 0.17% stake. Motco has invested 0.03% in Union Pacific Corporation (NYSE:UNP). Wilbanks Smith Thomas Asset Management Limited Liability, a Virginia-based fund reported 2,107 shares. (NYSE:AEP). Rockefeller Services Incorporated owns 7,550 shares. Polar Cap Limited Liability Partnership holds 0.9% or 687,065 shares. Advisory Rech owns 294,785 shares. Psagot Inv House Ltd stated it has 0% in Loews Corporation (NYSE:L). Daiwa Secs Gru Inc owns 16,550 shares for 0.01% of their portfolio. Pensionfund Dsm Netherlands stated it has 0.76% in Union Pacific Corporation (NYSE:UNP). Guggenheim downgraded the stock to "Sell" rating in Tuesday, January 2 report. Brookstone Mgmt reported 0.06% stake.

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Zacks Investment Management Increases Stake in American Electric Power Company, Inc. (AEP)