Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 12.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,065 shares of the company’s stock after selling 300 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in American Electric Power were worth $161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of 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 worth $2,150,657,000 after buying an additional 3,589,451 shares during the period. Invesco Ltd. lifted its position in American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after acquiring an additional 1,181,706 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in American Electric Power by 70.7% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,953,072 shares of the company’s stock worth $145,835,000 after acquiring an additional 809,067 shares during the period. Lazard Asset Management LLC grew its position in American Electric Power by 18.1% in the third quarter. Lazard Asset Management LLC now owns 4,311,429 shares of the company’s stock valued at $324,304,000 after acquiring an additional 660,599 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of American Electric Power by 4.1% during the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after purchasing an additional 587,145 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ AEP traded up $0.35 during trading hours on Tuesday, reaching $85.25. The company’s stock had a trading volume of 983,957 shares, compared to its average volume of 3,738,846. The stock has a market cap of $44.89 billion, a PE ratio of 19.98, a PEG ratio of 2.98 and a beta of 0.51. The business has a 50-day simple moving average of $83.05 and a 200 day simple moving average of $80.15. 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 current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on AEP shares. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the company from $86.00 to $83.00 in a research note on Monday, March 11th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and cut their price target for the stock from $75.50 to $73.00 in a research note on Friday, March 8th. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Barclays raised their price objective on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Electric Power currently 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.