American Electric Power Company, Inc. (NASDAQ:AEP) Stake Raised by Trajan Wealth LLC

Trajan Wealth LLC raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,576 shares of the company's stock after buying an additional 2,408 shares during the period. Trajan Wealth LLC's holdings in American Electric Power were worth $4,480,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have weighed in on AEP shares. Barclays boosted their price target on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley boosted their target price 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. Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets lifted their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $101.62.

American Electric Power Stock Performance

Shares of NASDAQ AEP traded down $0.99 during trading on Wednesday, reaching $107.16. The stock had a trading volume of 3,201,430 shares, compared to its average volume of 3,166,379. The stock has a market cap 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 one year low of $84.31 and a one year high of $110.48. The firm's 50 day moving average price is $105.19 and its two-hundred day moving average price is $99.61. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate 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, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal 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.