Haverford Trust Company Has Cut Its Stake in American Electric Power (AEP) as Share Value Rose

September 30, 2018 - By Jason Dias

American Electric Power Company, Inc. (NYSE:AEP) LogoInvestors sentiment decreased to 0.78 in 2018 Q2. Its down 0.10, from 0.88 in 2018Q1. It turned negative, as 47 investors sold AEP shares while 293 reduced holdings. 64 funds opened positions while 200 raised stakes. 348.34 million shares or 0.11% more from 347.97 million shares in 2018Q1 were reported. Credit Suisse Ag holds 1.29 million shares or 0.09% of its portfolio. Cetera Advisor Netwr Ltd Llc holds 0.07% or 20,026 shares in its portfolio. Bancshares has invested 0.03% in American Electric Power Company, Inc. (NYSE:AEP). M&T National Bank & Trust Corporation holds 718,396 shares. Blume Cap holds 0.06% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP) for 1,486 shares. Perkins Coie Tru holds 0.08% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP) for 2,200 shares. Bowling Port Management Ltd Liability Corp reported 14,821 shares. Robeco Institutional Asset Bv holds 883,919 shares. Murphy Capital Mgmt Inc reported 23,485 shares or 0.24% of all its holdings. Lazard Asset Mngmt Llc invested 0.25% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). Moreover, Greenleaf Trust has 0.02% invested in American Electric Power Company, Inc. (NYSE:AEP) for 14,018 shares. Balyasny Asset Ltd Company has invested 0.1% in American Electric Power Company, Inc. (NYSE:AEP). Martingale Asset Mngmt LP holds 0.39% or 456,276 shares. Moreover, Utah Retirement has 0.13% invested in American Electric Power Company, Inc. (NYSE:AEP) for 91,340 shares. Mcf Limited Liability Corp stated it has 0.07% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP).

Since May 4, 2018, it had 0 insider buys, and 1 sale for $50,203 activity.

Haverford Trust Company decreased its stake in American Electric Power (AEP) by 35.14% based on its latest 2018Q2 regulatory filing with the SEC. Haverford Trust Company sold 81,134 shares as the company’s stock rose 14.26% with the market. The institutional investor held 149,760 shares of the public utilities company at the end of 2018Q2, valued at $10.37M, down from 230,894 at the end of the previous reported quarter. Haverford Trust Company who had been investing in American Electric Power for a number of months, seems to be less bullish one the $34.94B market cap company. The stock increased 1.61% or $1.12 during the last trading session, reaching $70.88. About 2.74M shares traded or 11.17% up from the average. American Electric Power Company, Inc. (NYSE:AEP) has declined 0.82% since September 30, 2017 and is downtrending. It has underperformed by 16.44% the S&P500.

Haverford Trust Company, which manages about $5.06 billion US Long portfolio, upped its stake in Cvs Health Corporation (NYSE:CVS) by 300,852 shares to 1.33 million shares, valued at $85.66M in 2018Q2, according to the filing. It also increased its holding in Ishares Floating Rate Bond E (FLOT) by 541,048 shares in the quarter, for a total of 603,377 shares, and has risen its stake in Pepsico Inc (NYSE:PEP).

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on October, 25. They expect $1.15 EPS, up 4.55 % or $0.05 from last year’s $1.1 per share. AEP’s profit will be $566.87M for 15.41 P/E if the $1.15 EPS becomes a reality. After $1.01 actual EPS reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts 13.86 % EPS growth.

More important recent American Electric Power Company, Inc. (NYSE:AEP) news were published by: Prnewswire.com which released: “AEP Transmission Promotes And Expands Roles Of Smyth, Groff” on September 27, 2018, also Prnewswire.com published article titled: “AEP Ohio Proposes to Bring 400 MW of New Solar Power to its Customers, Support Economic Development in …”, Prnewswire.com published: “AEP Recognized As A Top 10 Utility For Economic Development” on September 17, 2018. More interesting news about American Electric Power Company, Inc. (NYSE:AEP) was released by: Bizjournals.com and their article: “AEP closing another coal-fired power plant” with publication date: September 25, 2018.

American Electric Power Company, Inc. (NYSE:AEP) Ratings Coverage

Among 10 analysts covering American Electric Power (NYSE:AEP), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. American Electric Power had 16 analyst reports since April 10, 2018 according to SRatingsIntel. The company was upgraded on Friday, July 20 by Goldman Sachs. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, July 19. Morgan Stanley maintained it with “Overweight” rating and $80 target in Tuesday, September 11 report. Guggenheim upgraded the stock to “Buy” rating in Monday, September 10 report. The firm has “Overweight” rating given on Monday, April 16 by Morgan Stanley. Citigroup maintained American Electric Power Company, Inc. (NYSE:AEP) rating on Monday, September 10. Citigroup has “Neutral” rating and $72 target. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, April 18. Morgan Stanley maintained the shares of AEP in report on Wednesday, June 13 with “Overweight” rating. The firm earned “Overweight” rating on Friday, July 27 by Morgan Stanley. The stock has “Outperform” rating by Wells Fargo on Monday, September 17.

American Electric Power Company, Inc. (NYSE:AEP) Institutional Positions Chart

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