MassMutual Private Wealth & Trust FSB Has $5.10 Million Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

MassMutual Private Wealth & Trust FSB reduced its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,282 shares of the company’s stock after selling 560 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in American Electric Power were worth $5,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Diversify Wealth Management LLC boosted its stake in American Electric Power by 8.8% in the 4th quarter. Diversify Wealth Management LLC now owns 2,364 shares of the company’s stock valued at $221,000 after buying an additional 192 shares in the last quarter. LVW Advisors LLC boosted its stake in shares of American Electric Power by 3.4% in the 4th quarter. LVW Advisors LLC now owns 14,924 shares of the company’s stock valued at $1,376,000 after purchasing an additional 494 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in shares of American Electric Power in the 4th quarter worth about $4,868,000. Cascade Investment Group Inc. increased its position in shares of American Electric Power by 103.6% during the 4th quarter. Cascade Investment Group Inc. now owns 4,633 shares of the company’s stock worth $427,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in American Electric Power by 436.9% during the 4th 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 last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the topic of several research analyst reports. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Barclays cut their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $98.00.

American Electric Power Stock Up 0.4 %

Shares of NASDAQ:AEP opened at $97.25 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market cap of $51.75 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a 50 day moving average of $94.52 and a 200-day moving average of $96.97. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18.

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.