American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,120 shares of the company’s stock after buying an additional 324 shares during the quarter. HF Advisory Group LLC’s holdings in American Electric Power were worth $335,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AEP. Apella Capital LLC acquired a new position in shares of American Electric Power during the 4th quarter worth about $348,000. Rockline Wealth Management LLC acquired a new position in American Electric Power during the fourth quarter worth $1,982,000. Nisa Investment Advisors LLC increased its stake in shares of American Electric Power by 28.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,434 shares of the company’s stock worth $4,096,000 after acquiring an additional 11,065 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of American Electric Power by 1,592.1% during the 4th quarter. Nordea Investment Management AB now owns 414,150 shares of the company’s stock valued at $33,612,000 after acquiring an additional 389,675 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of American Electric Power by 26.0% in the third quarter. JPMorgan Chase & Co. now owns 2,531,672 shares of the company’s stock valued at $190,432,000 after purchasing an additional 522,608 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEP has been the subject of several analyst reports. Barclays increased their price objective on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. BMO Capital Markets lifted their target price on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Cfra restated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.08.

American Electric Power Stock Up 1.6 %

Shares of NASDAQ:AEP opened at $82.56 on Friday. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market cap of $43.48 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The firm has a 50 day simple moving average of $82.75 and a 200 day simple moving average of $79.87.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the firm earned $1.05 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Company 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.