Vectors Research Management LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,373 shares of the company's stock after acquiring an additional 3,972 shares during the quarter. Vectors Research Management LLC's holdings in American Electric Power were worth $2,063,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in American Electric Power during the 4th quarter valued at $220,983,000. Cohen & Steers Inc. acquired a new stake in American Electric Power during the 4th quarter valued at approximately $121,605,000. Vanguard Group Inc. boosted its stake in shares of American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after buying an additional 763,813 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in American Electric Power by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company's stock valued at $315,498,000 after acquiring an additional 738,756 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of American Electric Power by 9.1% in the 4th quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock valued at $793,510,000 after purchasing an additional 716,229 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
American Electric Power Price Performance
Shares of AEP traded up $0.04 during midday trading on Friday, reaching $106.74. The stock had a trading volume of 2,853,430 shares, compared to its average volume of 3,164,086. The firm's 50 day moving average price is $105.38 and its 200-day moving average price is $99.73. The company has a market capitalization of $56.97 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 52 week low of $85.24 and a 52 week high of $110.48. 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 (NASDAQ:AEP - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the company posted $1.23 EPS. On average, analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets increased their price target on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Morgan Stanley set a $114.00 price objective on American Electric Power and gave the company an "overweight" rating in a research report on Wednesday. Barclays increased their target price 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 raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, American Electric Power has an average rating of "Hold" and an average price target of $101.69.
Read Our Latest Research Report on AEP
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.
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