Pacific Center for Financial Services Has $146,000 Stake in American Electric Power Company, Inc. (AEP)

Pacific Center for Financial Services held its position in shares of American Electric Power Company, Inc. (NYSE:AEP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,175 shares of the utilities provider’s stock at the end of the first quarter. Pacific Center for Financial Services’ holdings in American Electric Power were worth $146,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. TNB Financial bought a new position in shares of American Electric Power during the first quarter valued at $2,377,000. Peapack Gladstone Financial Corp raised its stake in shares of American Electric Power by 2.5% in the first quarter. Peapack Gladstone Financial Corp now owns 8,295 shares of the utilities provider’s stock valued at $557,000 after buying an additional 200 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of American Electric Power by 0.6% in the first quarter. ST Germain D J Co. Inc. now owns 5,416 shares of the utilities provider’s stock valued at $364,000 after buying an additional 34 shares in the last quarter. Bank of The Ozarks raised its stake in shares of American Electric Power by 1.0% in the first quarter. Bank of The Ozarks now owns 6,561 shares of the utilities provider’s stock valued at $441,000 after buying an additional 68 shares in the last quarter. Finally, Liberty Capital Management Inc. raised its stake in shares of American Electric Power by 25.4% in the first quarter. Liberty Capital Management Inc. now owns 5,300 shares of the utilities provider’s stock valued at $356,000 after buying an additional 1,075 shares in the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.

American Electric Power Company, Inc. (NYSE AEP) opened at 69.98 on Friday. The stock has a market capitalization of $34.41 billion, a PE ratio of 49.07 and a beta of 0.30. American Electric Power Company, Inc. has a 1-year low of $57.89 and a 1-year high of $72.97. The stock’s 50 day moving average price is $70.60 and its 200 day moving average price is $67.29.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.01. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.85 billion. American Electric Power had a net margin of 4.31% and a return on equity of 10.78%. American Electric Power’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. On average, equities research analysts predict that American Electric Power Company, Inc. will post $3.66 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on AEP shares. Deutsche Bank AG lifted their price objective on American Electric Power from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Mizuho reaffirmed a “buy” rating and set a $72.50 target price on shares of American Electric Power in a report on Wednesday, April 19th. Barclays PLC reaffirmed an “overweight” rating and set a $76.00 target price (up previously from $71.00) on shares of American Electric Power in a report on Sunday, April 23rd. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, Jefferies Group LLC lifted their price target on American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.73.

In related news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by company insiders.

American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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