American Electric Power Company, Inc. (NYSE:AEP) Shares Bought by Morgan Stanley

Paterniano Del Favero
Luglio 23, 2017

BTIM Corp. now owns 154,818 shares of the conglomerate's stock worth $4,614,000 after buying an additional 2,298 shares during the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of General Electric during the fourth quarter valued at approximately $29,719,000. Pinnacle Advisory Group Inc.'s holdings in American Electric Power were worth $565,000 as of its most recent SEC filing. BTIM Corp. increased its position in shares of General Electric by 1.5% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider's stock valued at $113,000 after buying an additional 21 shares during the last quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate's stock worth $319,000 after buying an additional 36 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of American Electric Power by 4.7% in the fourth quarter. Bridges Investment Counsel Inc. now owns 191,149 shares of the conglomerate's stock valued at $5,163,000 after buying an additional 77,153 shares in the last quarter. Inc. increased its position in shares of American Electric Power by 0.3% in the first quarter.

Shares of General Electric Company (GE) opened at 25.91 on Friday. American Electric Power Company has a 52 week low of $57.89 and a 52 week high of $72.97. The firm has a 50-day moving average of $27.48 and a 200-day moving average of $29.14. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 21.82 and a beta of 0.48. General Electric also was the target of some unusual options trading on Thursday. Traders acquired 35,785 put options on the stock. This is an increase of 143% compared to the average daily volume of 14,713 put options.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, April 27th. The conglomerate reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. El Paso Electric had a return on equity of 9.34% and a net margin of 10.95%. The firm had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. During the same period in the previous year, the firm posted $1.02 EPS. The company's revenue was down 11.8% compared to the same quarter a year ago. Equities analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.24 per share. BidaskClub lowered El Paso Electric from a "strong-buy" rating to a "buy" rating in a research report on Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.71%. General Electric's dividend payout ratio is now 118.52%. If you are reading this article on another publication, it was stolen and reposted in violation of USA & worldwide copyright and trademark laws. The original version of this story can be viewed at https://weekherald.com/2017/07/23/american-electric-power-company-inc-aep-shares-sold-by-teachers-retirement-system-of-the-state-of-kentucky.html.

Several other brokerages have also recently issued reports on GE. Mizuho reissued a "buy" rating and issued a $72.50 price objective on shares of American Electric Power in a research note on Wednesday, April 19th. Royal Bank Of Canada decreased their price target on General Electric from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Monday, April 24th. Vetr cut shares of General Electric from a buy rating to a hold rating and set a $28.47 price objective for the company.in a research note on Thursday, May 11th. J P Morgan Chase & Co reaffirmed an underweight rating on shares of General Electric in a research report on Monday, April 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. General Electric now has an average rating of "Hold" and an average target price of $31.08.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of American Electric Power stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $52.47, for a total transaction of $183,645.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Beattie purchased 4,000 shares of General Electric stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $29.90 per share, for a total transaction of $598,000.00. The disclosure for this purchase can be found here. First Financial Bank Trust Division now owns 3,987 shares of the utilities provider's stock worth $277,000 after buying an additional 997 shares during the last quarter. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $29,900.

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.

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