MML Investors Services LLC Buys 2,678 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

MML Investors Services LLC grew its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,299 shares of the company's stock after acquiring an additional 2,678 shares during the quarter. MML Investors Services LLC's holdings in American Electric Power were worth $12,940,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. DAVENPORT & Co LLC raised its position in American Electric Power by 6.1% in the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock worth $5,310,000 after buying an additional 3,288 shares during the last quarter. Secure Asset Management LLC lifted its position in American Electric Power by 22.4% during the fourth 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 during the period. Grove Bank & Trust lifted its position in American Electric Power by 436.9% during the fourth 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 during the period. J2 Capital Management Inc bought a new stake in American Electric Power in the 4th quarter worth approximately $419,000. Finally, Principal Financial Group Inc. grew 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 worth $65,667,000 after purchasing an additional 19,081 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Trading Up 2.5 %

AEP stock opened at $108.15 on Wednesday. The company has a market capitalization of $57.72 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.97 and a beta of 0.43. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. American Electric Power Company, Inc. has a 1-year low of $84.28 and a 1-year high of $110.48. The business has a 50 day simple moving average of $105.09 and a two-hundred day simple moving average of $99.56.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the business earned $1.23 earnings per share. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research reports. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price target on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Barclays increased their price objective 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. 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. Finally, BMO Capital Markets increased their price target 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average target price of $101.62.

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.

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