MetLife Investment Management LLC Acquires 2,586 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

MetLife Investment Management LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,865 shares of the company's stock after acquiring an additional 2,586 shares during the period. MetLife Investment Management LLC's holdings in American Electric Power were worth $12,992,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power in the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power in the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new position in American Electric Power during the 4th quarter valued at $35,000. Finally, Lee Danner & Bass Inc. purchased a new position in American Electric Power in the 4th quarter worth about $38,000. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AEP shares. Bank of America increased their target price on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Morgan Stanley upped their price objective on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays increased their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, BMO Capital Markets upped their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday. One investment 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. According to data from MarketBeat, American Electric Power currently has an average rating of "Hold" and a consensus price target of $101.62.

American Electric Power Price Performance

American Electric Power stock traded down $0.99 during trading hours on Wednesday, hitting $107.16. 3,201,430 shares of the company traded hands, compared to its average volume of 3,166,379. The firm's 50-day simple moving average is $105.19 and its two-hundred day simple moving average is $99.61. 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 firm has a market cap of $57.19 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 1-year low of $84.31 and a 1-year high of $110.48.

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

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.