NewEdge Advisors LLC Has $2.64 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

NewEdge Advisors LLC grew its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,628 shares of the company's stock after acquiring an additional 2,588 shares during the quarter. NewEdge Advisors LLC's holdings in American Electric Power were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Evergreen Capital Management LLC lifted its position in shares of American Electric Power by 10.9% in the 4th quarter. Evergreen Capital Management LLC now owns 8,479 shares of the company's stock worth $782,000 after acquiring an additional 835 shares during the period. Finward Bancorp acquired a new position in shares of American Electric Power in the fourth quarter valued at $475,000. Ontario Teachers Pension Plan Board acquired a new position in shares of American Electric Power in the fourth quarter valued at $1,193,000. CreativeOne Wealth LLC lifted its position in American Electric Power by 10.3% in the fourth quarter. CreativeOne Wealth LLC now owns 9,934 shares of the company's stock worth $916,000 after purchasing an additional 926 shares during the period. Finally, Mariner LLC boosted its stake in American Electric Power by 7.7% during the fourth quarter. Mariner LLC now owns 165,903 shares of the company's stock worth $15,301,000 after buying an additional 11,818 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Trading Up 0.0 %

AEP stock traded up $0.04 during trading on Friday, hitting $106.74. The company had a trading volume of 2,853,430 shares, compared to its average volume of 3,164,385. The firm has a 50-day moving average price of $105.29 and a 200-day moving average price of $99.67. American Electric Power Company, Inc. has a 12 month low of $85.15 and a 12 month high of $110.48. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market cap of $56.97 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the company earned $1.23 earnings per share. As a group, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AEP shares. Barclays increased their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Bank of America lifted their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Morgan Stanley set a $114.00 target price on American Electric Power and gave the stock an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of "Hold" and an average target price of $101.69.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.