American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Xponance Inc.

Xponance Inc. increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,786 shares of the company’s stock after buying an additional 3,302 shares during the quarter. Xponance Inc.’s holdings in American Electric Power were worth $5,506,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of American Electric Power in the first quarter valued at about $27,000. True Wealth Design LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at about $28,000. Fairfield Bush & CO. acquired a new stake in shares of American Electric Power in the second quarter valued at about $26,000. Chilton Capital Management LLC purchased a new position in American Electric Power in the first quarter valued at about $28,000. Finally, FSC Wealth Advisors LLC boosted its holdings in American Electric Power by 222.0% in the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.0 %

AEP opened at $84.20 on Friday. The stock’s 50 day moving average price is $82.90 and its 200 day moving average price is $79.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market cap of $44.34 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.87 and a beta of 0.51. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $94.73.

American Electric Power (NASDAQ:AEP) last announced 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). The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AEP. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Barclays increased their price target on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. BMO Capital Markets increased their price target on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Thursday, January 11th. Finally, UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.08.

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.