Gamco Investors INC. ET AL lessened its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the company's stock after selling 8,000 shares during the period. Gamco Investors INC. ET AL's holdings in American Electric Power were worth $221,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AEP. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power in the 4th quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $35,000. Finally, Lee Danner & Bass Inc. bought a new position in American Electric Power during the 4th quarter worth approximately $38,000. Institutional investors own 75.24% of the company's stock.
American Electric Power Stock Performance
NASDAQ:AEP traded down $0.19 during trading on Thursday, reaching $106.83. The company's stock had a trading volume of 1,627,440 shares, compared to its average volume of 3,168,414. American Electric Power Company, Inc. has a 12 month low of $84.31 and a 12 month high of $110.48. The firm has a market cap of $57.01 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The firm has a 50 day moving average of $105.19 and a 200-day moving average of $99.61. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.
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, meeting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the previous year, the business earned $1.23 EPS. Research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AEP has been the topic of several research analyst reports. Barclays upped their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research report on Tuesday. Bank of America boosted their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets boosted their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Morgan Stanley increased their price target on American Electric Power from $108.00 to $113.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $101.62.
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American Electric Power Profile
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Free Report)
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.
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