Trade Report: Today, Teacher Retirement System of Texas Sold shares of American Electric Power Co. (AEP)

Today, Teacher Retirement System of Texas Sold shares of American Electric Power Co. (AEP)

Teacher Retirement System of Texas decreased its stake in shares of American Electric Power Co. (NYSE:AEP) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 360,486 shares of the company’s stock after selling 16,164 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of American Electric Power worth $23,147,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Seven Eight Capital LLC acquired a new position in American Electric Power during the first quarter valued at approximately $663,000. Squarepoint Ops LLC boosted its position in American Electric Power by 75.6% in the first quarter. Squarepoint Ops LLC now owns 39,158 shares of the company’s stock valued at $2,600,000 after buying an additional 16,857 shares during the period. Avalon Advisors LLC boosted its position in American Electric Power by 12.9% in the first quarter. Avalon Advisors LLC now owns 4,502 shares of the company’s stock valued at $299,000 after buying an additional 516 shares during the period. Euclid Advisors LLC boosted its position in American Electric Power by 488.4% in the first quarter. Euclid Advisors LLC now owns 98,495 shares of the company’s stock valued at $6,540,000 after buying an additional 81,755 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in American Electric Power by 13.1% in the first quarter. First Republic Investment Management Inc. now owns 22,675 shares of the company’s stock valued at $1,506,000 after buying an additional 2,622 shares during the period. Institutional investors own 67.72% of the company’s stock.

Shares of American Electric Power Co. (NYSE:AEP) traded up 1.53% on Friday, hitting $59.72. The stock had a trading volume of 980,382 shares. The company has a market cap of $29.36 billion, a price-to-earnings ratio of 41.59 and a beta of 0.23. American Electric Power Co. has a 52 week low of $54.08 and a 52 week high of $71.32. The firm has a 50 day moving average price of $61.76 and a 200-day moving average price of $65.39.

American Electric Power (NYSE:AEP) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.68 billion. American Electric Power had a return on equity of 10.25% and a net margin of 4.37%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS. Analysts anticipate that American Electric Power Co. will post $3.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a $0.59 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.56. This represents a $2.36 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, November 8th. American Electric Power’s payout ratio is currently 163.89%.

Several equities analysts recently issued reports on the company. Hilliard Lyons cut American Electric Power from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Barclays PLC raised their price objective on American Electric Power from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Jefferies Group raised their price objective on American Electric Power from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Citigroup Inc. raised their price objective on American Electric Power from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, September 8th. Finally, Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, September 13th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $68.50.

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