Farmers National Bank continued to hold its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) during the first quarter, Holdings Channel reports. The firm owned 2,438 shares of the utilities provider’s stock at the end of the first quarter. Farmers National Bank’s holdings in American Electric Power were worth $164,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AEP. Jackson Grant Investment Advisers Inc. increased its stake in shares of American Electric Power by 0.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 2,799 shares of the utilities provider’s stock worth $176,000 after buying an additional 14 shares during the period. Teachers Advisors LLC increased its stake in shares of American Electric Power by 4.7% in the fourth quarter. Teachers Advisors LLC now owns 1,255,641 shares of the utilities provider’s stock worth $79,055,000 after buying an additional 56,004 shares during the period. Kentucky Retirement Systems bought a new stake in shares of American Electric Power during the fourth quarter worth about $2,246,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of American Electric Power during the fourth quarter worth about $1,002,000. Finally, Macquarie Group Ltd. increased its stake in shares of American Electric Power by 17.2% in the fourth quarter. Macquarie Group Ltd. now owns 545,874 shares of the utilities provider’s stock worth $34,368,000 after buying an additional 80,008 shares during the period. Institutional investors and hedge funds own 70.50% of the company’s stock.

American Electric Power Company, Inc. (NYSE AEP) opened at 68.70 on Friday. American Electric Power Company, Inc. has a 52 week low of $57.89 and a 52 week high of $72.97. The company has a market cap of $33.78 billion, a PE ratio of 48.18 and a beta of 0.30. The company has a 50-day moving average price of $70.60 and a 200 day moving average price of $67.29.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.85 billion. American Electric Power had a net margin of 4.31% and a return on equity of 10.78%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current fiscal year.

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A number of research analysts have recently commented on the company. Deutsche Bank AG upped their target price on American Electric Power from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Mizuho reaffirmed a “buy” rating and set a $72.50 target price on shares of American Electric Power in a research note on Wednesday, April 19th. Barclays PLC reaffirmed an “overweight” rating and set a $76.00 target price (up previously from $71.00) on shares of American Electric Power in a research note on Sunday, April 23rd. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC upped their target price on American Electric Power from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $71.73.

In other American Electric Power news, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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

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