John G Ullman & Associates Inc. Trims Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

John G Ullman & Associates Inc. lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 53.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,754 shares of the company’s stock after selling 4,350 shares during the period. John G Ullman & Associates Inc.’s holdings in American Electric Power were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its stake in American Electric Power by 14.4% in the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares in the last quarter. Morgan Stanley increased its stake in American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after acquiring an additional 587,145 shares during the last quarter. Invesco Ltd. raised its position in American Electric Power by 13.7% during the third quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after purchasing an additional 1,181,706 shares in the last quarter. Royal Bank of Canada lifted its stake in American Electric Power by 5.1% during the third quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after purchasing an additional 374,300 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of American Electric Power by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock worth $423,826,000 after purchasing an additional 75,124 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

AEP has been the subject of several research reports. StockNews.com lowered American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Cfra reiterated a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Thursday, January 11th. Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Monday, January 22nd. Finally, LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the company from $75.50 to $73.00 in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.08.

American Electric Power Price Performance

Shares of AEP stock opened at $84.20 on Friday. The firm has a market cap of $44.34 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.92 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $94.73. The business’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 quick ratio of 0.36 and a current ratio of 0.53.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. American Electric Power’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power 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.