Johnson & Johnson (JNJ) Market Valuation Declined While Hendley & Co Lifted by $418,560 Its Holding; American Electric Power Co (AEP) Shareholder Old Republic International Has Boosted Its Stake by $6.05 Million as Stock Value Rose

June 22, 2018 - By Marie Mckinney

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Old Republic International Corp increased its stake in American Electric Power Co Inc (AEP) by 52.41% based on its latest 2018Q1 regulatory filing with the SEC. Old Republic International Corp bought 89,000 shares as the company’s stock rose 0.37% while stock markets declined. The institutional investor held 258,800 shares of the public utilities company at the end of 2018Q1, valued at $17.75M, up from 169,800 at the end of the previous reported quarter. Old Republic International Corp who had been investing in American Electric Power Co Inc for a number of months, seems to be bullish on the $33.23 billion market cap company. The stock increased 0.85% or $0.57 during the last trading session, reaching $67.47. About 3.13M shares traded or 8.74% up from the average. American Electric Power Company, Inc. (NYSE:AEP) has declined 5.06% since June 22, 2017 and is downtrending. It has underperformed by 17.63% the S&P500. Some Historical AEP News: 16/04/2018 – AEP: Settlement Includes SWEPCO, Louisianca PSC, Walmart; 25/04/2018 – Hartford Income Adds American Electric Power Co; 30/05/2018 – Texas power demand breaks May daily record during heat wave -ERCOT; 26/04/2018 – AMERICAN ELECTRIC POWER COMPANY INC – QTRLY REV $4.0 BLN VS $3.9 BLN REPORTED LAST YEAR; 16/04/2018 – AEP Unit in Louisiana Settlement Supporting Wind Catcher Project; 19/04/2018 – AMERICAN ELECTRIC POWER COMPANY – SETTLEMENT AGREEMENT INCLUDES ENTITIES IN INDIANA, KENTUCKY, MICHIGAN, OHIO, VIRGINIA AND WEST VIRGINIA; 04/05/2018 – McCellon-Allen Retires As SWEPCO President And COO; 19/04/2018 – AMERICAN ELECTRIC POWER COMPANY INC – TAX BENEFITS TOTAL ABOUT $163 MLN FOR 2018; 26/04/2018 – AEP SEES $1B OF ACCUMULATED DEFERRED TAX RETURNED TO CUSTOMERS; 25/04/2018 – Ohio PUC: PUCO adopts settlement agreement in AEP Ohio electric security plan PUCO adopts settlement agreement in AEP Ohio

Hendley & Co Inc increased its stake in Johnson & Johnson (JNJ) by 5.46% based on its latest 2018Q1 regulatory filing with the SEC. Hendley & Co Inc bought 3,270 shares as the company’s stock declined 8.03% with the market. The institutional investor held 63,209 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $8.10M, up from 59,939 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $325.75B market cap company. The stock decreased 0.48% or $0.59 during the last trading session, reaching $121.45. About 4.42 million shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since June 22, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 18/04/2018 – Kentucky Gov. Matt Bevin slams state AG’s lawsuit against J&J: ‘These are political moves’; 22/03/2018 – Johnson & Johnson CDS Widens 3 Bps, Most in 6 Months; 22/03/2018 – EpigenCare Named as Johnson & Johnson Innovation Finalist in Skincare Challenge; 16/04/2018 – BRISTOL-MYERS SQUIBB SAYS CO, JANSSEN EXPECTED TO ADVANCE BMS-986177 INTO PHASE 2 CLINICAL TRIALS IN H2 2018 FOR STUDY OF SECONDARY STROKE PREVENTION; 08/05/2018 – GENOMEDX BIOSCIENCES – UNDER DEAL, CO WILL TEST SAMPLES USING ITS GENOME-WIDE EXPRESSION ASSAY FROM MULTIPLE JANSSEN PROSTATE CANCER CLINICAL TRIALS; 16/03/2018 – Johnson & Johnson: Transaction Was Contemplated in Guidance Provided on Jan. 23; 17/04/2018 – Genmab Announces Net Sales of DARZALEX® (daratumumab) for First Quarter of 2018; 05/03/2018 The Klein Law Firm Notifies Investors of a Class Action Filed on Behalf of Johnson & Johnson Shareholders and a Lead Plaintiff; 17/04/2018 – J&J SEES FY SALES $81.0B TO $81.8B; 11/04/2018 – J&J, IMERYS ORDERED TO PAY PUNITIVE DAMAGES IN TALC CANCER CASE

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “How Do You Feel About Johnson & Johnson?: Part IV – Today’s Editors’ Picks” on June 01, 2018, also Seekingalpha.com with their article: “Recent Purchase: Johnson & Johnson” published on June 14, 2018, Fool.com published: “Better Buy: Pfizer Inc. vs. Johnson & Johnson” on June 17, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Forbes.com and their article: “What Are Johnson & Johnson’s Key Sources Of Revenue?” published on June 20, 2018 as well as Fool.com‘s news article titled: “Forget Johnson & Johnson: Here Are 2 Better Dividend Stocks” with publication date: June 20, 2018.

Since February 15, 2018, it had 0 insider buys, and 1 sale for $20.17 million activity.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 102 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 20. As per Tuesday, February 27, the company rating was maintained by Citigroup. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 20 report. The rating was downgraded by Vetr on Monday, August 31 to “Strong-Buy”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Market Perform” rating by Wells Fargo on Thursday, January 26. Jefferies maintained the shares of JNJ in report on Friday, July 14 with “Hold” rating. Goldman Sachs downgraded the shares of JNJ in report on Wednesday, September 20 to “Sell” rating. The company was maintained on Friday, October 6 by Cowen & Co. BTIG Research maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, January 23. BTIG Research has “Sell” rating and $110.0 target. Societe Generale initiated the stock with “Hold” rating in Wednesday, April 6 report.

Investors sentiment increased to 0.93 in Q1 2018. Its up 0.06, from 0.87 in 2017Q4. It improved, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Twin Focus Capital Partners Ltd Co has 2,963 shares for 0.19% of their portfolio. Fcg Ltd Liability Corp holds 1.76% or 39,774 shares in its portfolio. Clark Estates New York invested in 0.16% or 7,866 shares. Winslow Asset Management holds 63,312 shares. Chicago Equity Limited Liability Corporation, Illinois-based fund reported 295,086 shares. Segall Bryant Hamill accumulated 1.25% or 421,769 shares. Brown Advisory Ltd Liability accumulated 81,308 shares. The New Jersey-based Hgk Asset has invested 2.29% in Johnson & Johnson (NYSE:JNJ). Janney Montgomery Scott Lc holds 1.08% or 837,033 shares in its portfolio. Stephens Ar holds 0.81% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 169,325 shares. Virginia Retirement Et Al has 1.67% invested in Johnson & Johnson (NYSE:JNJ). Lombard Odier Asset Mgmt (Switzerland) has invested 0.97% in Johnson & Johnson (NYSE:JNJ). Intrust State Bank Na has 1.08% invested in Johnson & Johnson (NYSE:JNJ) for 29,319 shares. M&R Management Inc invested 1.87% of its portfolio in Johnson & Johnson (NYSE:JNJ). Glovista Limited Liability Corporation owns 4,410 shares or 0.13% of their US portfolio.

Another recent and important American Electric Power Company, Inc. (NYSE:AEP) news was published by Seekingalpha.com which published an article titled: “Utilities sector upgraded at Morgan Stanley as riskier stock market looms” on June 18, 2018.

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

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. Carnegie Cap Asset Llc reported 0.03% stake. Kepos Lp owns 50,862 shares or 0.2% of their US portfolio. Rand Wealth Ltd Liability has 0.03% invested in American Electric Power Company, Inc. (NYSE:AEP) for 4,265 shares. Ancora Limited Company holds 0.03% or 8,169 shares. Alpha Windward Lc owns 0.14% invested in American Electric Power Company, Inc. (NYSE:AEP) for 3,183 shares. Guardian Advisors LP invested in 0.68% or 72,340 shares. 3,572 are owned by Busey Tru. Putnam Fl Inv Mngmt owns 3,594 shares. Cibc Asset Mngmt reported 73,907 shares or 0.03% of all its holdings. Mcf Advsrs Ltd Liability holds 0.04% or 2,777 shares. 1.31M are owned by Mitsubishi Ufj Tru & Banking. Gradient Invests Ltd Liability Co stated it has 2,431 shares or 0.01% of all its holdings. Fifth Third State Bank reported 67,692 shares or 0.03% of all its holdings. Cypress Cap Mgmt Ltd Llc (Wy) stated it has 0.08% of its portfolio in American Electric Power Company, Inc. (NYSE:AEP). Stephens Ar owns 38,738 shares.

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. Hilliard Lyons downgraded the stock to “Hold” rating in Friday, July 29 report. The rating was maintained by Barclays Capital on Friday, July 29 with “Overweight”. As per Tuesday, January 10, the company rating was upgraded by Wells Fargo. The company was initiated on Tuesday, August 18 by Mizuho. The firm earned “Overweight” rating on Wednesday, April 18 by KeyBanc Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 10. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Overweight” rating by Morgan Stanley on Wednesday, December 13. The firm earned “Overweight” rating on Tuesday, February 13 by Morgan Stanley. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Sell” rating by Guggenheim on Tuesday, January 2. The firm has “Overweight” rating by Barclays Capital given on Tuesday, December 15.

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

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