Rockefeller Capital Management L.P. Has $9.90 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Rockefeller Capital Management L.P. decreased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,379 shares of the company's stock after selling 7,188 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in American Electric Power were worth $9,903,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after purchasing an additional 763,813 shares in the last quarter. GQG Partners LLC lifted its position in shares of American Electric Power by 3.7% during the 4th quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock worth $1,389,032,000 after buying an additional 543,054 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of American Electric Power by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock worth $1,178,174,000 after buying an additional 283,311 shares during the last quarter. Invesco Ltd. grew its position in American Electric Power by 9.1% in the fourth quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock valued at $793,510,000 after acquiring an additional 716,229 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in American Electric Power by 2.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after acquiring an additional 100,578 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEP. Morgan Stanley lifted their price target 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. BMO Capital Markets boosted their target price 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. Bank of America increased their price target on American Electric Power from $108.00 to $114.00 and gave the company 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 stock an "equal weight" rating in a research report on Tuesday. Finally, Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, American Electric Power presently has an average rating of "Hold" and an average target price of $101.62.

American Electric Power Trading Up 2.5 %

AEP stock traded up $2.62 during midday trading on Tuesday, hitting $108.15. The stock had a trading volume of 2,304,233 shares, compared to its average volume of 3,167,825. 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 firm has a market cap of $57.72 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The business has a fifty day moving average price of $105.09 and a two-hundred day moving average price of $99.56. American Electric Power Company, Inc. has a 1-year low of $84.28 and a 1-year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (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 period in the prior year, the business posted $1.23 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

About American Electric Power

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.