Tudor Financial Inc. Has $1.21 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Tudor Financial Inc. lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEPFree Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,135 shares of the company’s stock after acquiring an additional 165 shares during the period. Tudor Financial Inc.’s holdings in American Electric Power were worth $1,211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in American Electric Power by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,459,848 shares of the company’s stock worth $128,094,000 after buying an additional 141,556 shares during the last quarter. Ieq Capital LLC increased its holdings in American Electric Power by 53.1% during the second quarter. Ieq Capital LLC now owns 21,794 shares of the company’s stock worth $1,912,000 after buying an additional 7,562 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in American Electric Power by 2.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,616 shares of the company’s stock worth $844,000 after buying an additional 186 shares during the last quarter. King Luther Capital Management Corp increased its holdings in American Electric Power by 10.8% during the second quarter. King Luther Capital Management Corp now owns 6,255 shares of the company’s stock worth $549,000 after buying an additional 608 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in American Electric Power by 3.5% during the second quarter. Pacer Advisors Inc. now owns 62,032 shares of the company’s stock worth $5,443,000 after buying an additional 2,106 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEP. Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. Evercore ISI dropped their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Barclays dropped their target price on shares of 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $98.00.

Check Out Our Latest Analysis on AEP

American Electric Power Stock Performance

NASDAQ AEP opened at $97.25 on Tuesday. The company has a market cap of $51.75 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The business’s 50 day moving average price is $94.52 and its 200-day moving average price is $96.97. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18.

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.

Further Reading

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Institutional Ownership by Quarter for American Electric Power (NASDAQ:AEP)

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