Lsv Asset Management Decreased By $19.56 Million Its American Electric Power Company (AEP) Stake; Hess (HES) Sentiment Is 0.81

June 20, 2018 - By Adrian Mccoy

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

Lsv Asset Management decreased American Electric Power Company Inc. (AEP) stake by 18.86% reported in 2018Q1 SEC filing. Lsv Asset Management sold 287,604 shares as American Electric Power Company Inc. (AEP)’s stock rose 0.37%. The Lsv Asset Management holds 1.24M shares with $84.87M value, down from 1.52M last quarter. American Electric Power Company Inc. now has $32.95 billion valuation. The stock increased 0.04% or $0.03 during the last trading session, reaching $66.9. About 3.06M shares traded or 7.07% up from the average. American Electric Power Company, Inc. (NYSE:AEP) has declined 5.06% since June 20, 2017 and is downtrending. It has underperformed by 17.63% the S&P500. Some Historical AEP News: ; 26/04/2018 – AMERICAN ELECTRIC POWER COMPANY INC AEP.N FY2018 SHR VIEW $3.89 — THOMSON REUTERS l/B/E/S; 15/05/2018 – American Electric Power Co. Volume Rises More Than Triple Avg; 21/05/2018 – TEXAS JUDGE RECOMMENDS CONDITIONAL APPROVAL OF AEP WIND PROJECT; 02/04/2018 – AMERICAN ELECTRIC POWER COMPANY – PROPOSAL PACKAGES MUST BE RECEIVED BY AEP NO LATER THAN 5 P.M. APRIL 9, 2018; 04/04/2018 – Moody’s Upgrades DPL to Ba2, Maintains Positive Outlook; 17/04/2018 – FTC: 20181063: Grupo Comercial Chedraui, S.A.B. de C.V.; AEP III Fiesta AIV, L.P; 30/05/2018 – GRIDLIANCE SAYS SETTLEMENT AGREEMENT WITH AMERICAN ELECTRIC POWER COMPANY RELATES TO PROPOSED WIND CATCHER ENERGY CONNECTION PROJECT; 16/04/2018 – SWEPCO Announces Louisiana Settlement Supporting Wind Catcher Energy Connection; 21/03/2018 – MOODY’S AFFIRMS KENTUCKY POWER AT BAA2, OUTLOOK REVISED TO NEGATIVE; 26/04/2018 – AMERICAN ELECTRIC POWER COMPANY INC SEES 2018 ESTIMATED EPS ON A GAAP BASIS $3.71 TO $3.91

Hess Corp (HES) investors sentiment decreased to 0.81 in Q1 2018. It’s down -0.13, from 0.94 in 2017Q4. The ratio dived, as 170 hedge funds opened new and increased holdings, while 210 decreased and sold holdings in Hess Corp. The hedge funds in our database now possess: 252.61 million shares, down from 256.03 million shares in 2017Q4. Also, the number of hedge funds holding Hess Corp in top ten holdings decreased from 7 to 6 for a decrease of 1. Sold All: 41 Reduced: 169 Increased: 121 New Position: 49.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.20, from 1.08 in 2017Q4. It worsened, as 57 investors sold AEP shares while 288 reduced holdings. 76 funds opened positions while 229 raised stakes. 347.97 million shares or 0.83% more from 345.12 million shares in 2017Q4 were reported. Huntington Commercial Bank invested in 0.09% or 80,190 shares. Washington Trust Savings Bank accumulated 3,109 shares or 0.03% of the stock. Opus Invest Incorporated stated it has 1.04% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). Moreover, Hightower Ltd Liability Com has 0.06% invested in American Electric Power Company, Inc. (NYSE:AEP) for 95,743 shares. Whittier Trust Co reported 147,822 shares or 0.34% of all its holdings. Peapack Gladstone Corporation has 8,923 shares. Loomis Sayles Com Ltd Partnership accumulated 65,358 shares or 0.01% of the stock. Td Cap Limited Liability Corp reported 252 shares. Federated Investors Pa holds 0.47% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP) for 2.35M shares. Old Mutual (Uk) holds 0% in American Electric Power Company, Inc. (NYSE:AEP) or 360 shares. Regions Corporation reported 0.03% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). Credit Suisse Ag stated it has 0.08% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). 5.54 million were reported by State Bank Of Montreal Can. Toronto Dominion Natl Bank invested in 0.04% or 265,277 shares. Moors & Cabot has 0.09% invested in American Electric Power Company, Inc. (NYSE:AEP).

Since May 4, 2018, it had 0 insider purchases, and 1 sale for $50,203 activity. Another trade for 721 shares valued at $50,203 was made by McCullough Mark C on Friday, May 4.

More news for American Electric Power Company, Inc. (NYSE:AEP) were recently published by: Prnewswire.com, which released: “Louisiana Public Service Commission Approves Wind Catcher Project” on June 20, 2018. Seekingalpha.com‘s article titled: “Utilities sector upgraded at Morgan Stanley as riskier stock market looms” and published on June 18, 2018 is yet another important article.

Among 21 analysts covering American Electric Power Company Inc. (NYSE:AEP), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. American Electric Power Company Inc. had 77 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, October 23. Goldman Sachs downgraded American Electric Power Company, Inc. (NYSE:AEP) on Monday, June 26 to “Neutral” rating. The rating was maintained by Barclays Capital with “Overweight” on Friday, October 2. Barclays Capital maintained it with “Overweight” rating and $77 target in Friday, July 29 report. The firm earned “Buy” rating on Thursday, January 18 by Deutsche Bank. The stock of American Electric Power Company, Inc. (NYSE:AEP) has “Overweight” rating given on Thursday, September 3 by Barclays Capital. KeyBanc Capital Markets maintained it with “Overweight” rating and $70 target in Wednesday, April 18 report. Credit Suisse downgraded the shares of AEP in report on Friday, October 23 to “Neutral” rating. The firm has “Buy” rating given on Monday, October 19 by Suntrust Robinson. On Monday, October 19 the stock rating was maintained by SunTrust with “Buy”.

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on July, 26. They expect $0.81 EPS, up 8.00% or $0.06 from last year’s $0.75 per share. AEP’s profit will be $398.95 million for 20.65 P/E if the $0.81 EPS becomes a reality. After $0.96 actual EPS reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

Lsv Asset Management increased Movado Group Inc. (NYSE:MOV) stake by 66,100 shares to 296,772 valued at $11.40 million in 2018Q1. It also upped Piper Jaffray Companies (NYSE:PJC) stake by 92,767 shares and now owns 406,738 shares. Zions Bancorporation (NASDAQ:ZION) was raised too.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company has market cap of $18.80 billion. The firm operates in two divisions, Exploration and Production, and Bakken Midstream. It currently has negative earnings. It is also involved in natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminating of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Ratings analysis reveals 100% of Hess’s analysts are positive. Out of 2 Wall Street analysts rating Hess, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. HES was included in 2 notes of analysts from September 12, 2016. The firm has “Overweight” rating given on Thursday, December 8 by JP Morgan. As per Monday, September 12, the company rating was initiated by KLR Group.

Central Securities Corp holds 5.85% of its portfolio in Hess Corporation for 700,000 shares. Impala Asset Management Llc owns 2.47 million shares or 5.57% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 5.02% invested in the company for 1.48 million shares. The New York-based Encompass Capital Advisors Llc has invested 4.48% in the stock. Colrain Capital Llc, a Massachusetts-based fund reported 71,703 shares.

More news for Hess Corporation (NYSE:HES) were recently published by: Businesswire.com, which released: “Hess Announces Eighth Oil Discovery Offshore Guyana” on June 20, 2018. Seekingalpha.com‘s article titled: “Oil pipeline companies, producers seek exemptions from steel tariffs” and published on June 19, 2018 is yet another important article.

Since January 1, 0001, it had 11 insider purchases, and 15 selling transactions for $8.38 million activity.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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