Capital Research Global Investors Grows Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Research Global Investors boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,446,983 shares of the company's stock after purchasing an additional 3,090 shares during the quarter. Capital Research Global Investors owned approximately 0.27% of American Electric Power worth $133,455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AEP. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $32,000. Kestra Investment Management LLC purchased a new stake in American Electric Power in the 4th quarter valued at about $35,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the 4th quarter valued at about $35,000. Finally, Lee Danner & Bass Inc. purchased a new position in American Electric Power during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Ratings Changes

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

American Electric Power Stock Performance

Shares of NASDAQ AEP traded up $0.04 during midday trading on Friday, reaching $106.74. The company's stock had a trading volume of 2,852,992 shares, compared to its average volume of 3,164,383. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The stock has a market capitalization of $56.97 billion, a P/E ratio of 19.06, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 12-month low of $85.15 and a 12-month high of $110.48. 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 (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting 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 firm posted $1.23 earnings per share. As a group, equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current 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.