Natixis raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 114.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 700,548 shares of the company's stock after purchasing an additional 374,585 shares during the quarter. Natixis owned 0.13% of American Electric Power worth $64,612,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC raised its stake in shares of American Electric Power by 6.1% during the 4th quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company's stock worth $5,310,000 after purchasing 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 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 last quarter. Grove Bank & Trust lifted its stake in shares of American Electric Power by 436.9% in the fourth quarter. Grove Bank & Trust now owns 7,092 shares of the company's stock worth $654,000 after buying an additional 5,771 shares during the last quarter. J2 Capital Management Inc acquired a new position in American Electric Power in the 4th quarter valued at $419,000. Finally, Principal Financial Group Inc. raised its holdings 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 acquiring an additional 19,081 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on AEP. Bank of America upped their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Morgan Stanley increased their target price on shares of American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. BMO Capital Markets lifted 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 note on Monday. Barclays lifted 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. Finally, Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, American Electric Power has a consensus rating of "Hold" and an average target price of $101.62.
Check Out Our Latest Stock Analysis on American Electric Power
American Electric Power Trading Down 0.9 %
American Electric Power stock traded down $0.99 during mid-day trading on Wednesday, hitting $107.16. The stock had a trading volume of 3,201,430 shares, compared to its average volume of 3,167,955. The stock has a market capitalization of $57.19 billion, a PE 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 12 month low of $84.28 and a 12 month high of $110.48. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock 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 issued its earnings results on Thursday, February 13th. The company reported $1.24 EPS 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 posted $1.23 earnings per share. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Profile
(
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.
Further Reading
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
