Jump Financial LLC Has $936,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Jump Financial LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,146 shares of the company's stock after selling 5,250 shares during the period. Jump Financial LLC's holdings in American Electric Power were worth $936,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. DAVENPORT & Co LLC grew its stake in shares of American Electric Power by 6.1% in the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock valued at $5,310,000 after buying an additional 3,288 shares in the last quarter. Secure Asset Management LLC grew its holdings in American Electric Power by 22.4% during the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company's stock valued at $2,206,000 after purchasing an additional 4,370 shares in the last quarter. Grove Bank & Trust grew its holdings in American Electric Power by 436.9% during the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock valued at $654,000 after purchasing an additional 5,771 shares in the last quarter. J2 Capital Management Inc acquired a new position in American Electric Power in the 4th quarter worth $419,000. Finally, Principal Financial Group Inc. boosted its position in American Electric Power by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company's stock valued at $65,667,000 after buying an additional 19,081 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AEP shares. Bank of America boosted their price target on American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Barclays boosted their price objective on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday. BMO Capital Markets lifted their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley set a $114.00 price objective on shares of American Electric Power and gave the company an "overweight" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $101.69.

American Electric Power Price Performance

NASDAQ AEP traded up $0.04 on Friday, reaching $106.74. 2,853,430 shares of the stock traded hands, compared to its average volume of 3,164,086. American Electric Power Company, Inc. has a 12 month low of $85.24 and a 12 month high of $110.48. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 2.97 and a beta of 0.43. The firm's fifty day simple moving average is $105.38 and its 200 day simple moving average is $99.73. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting 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 firm posted $1.23 earnings per share. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power 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.