Wedbush Securities Inc. reduced its holdings in American Electric Power Company Inc (NYSE:AEP) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,391 shares of the utilities provider’s stock after selling 151 shares during the quarter. Wedbush Securities Inc.’s holdings in American Electric Power were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEP. Legacy Advisors LLC purchased a new stake in American Electric Power during the 1st quarter valued at about $25,000. Sageworth Trust Co boosted its holdings in American Electric Power by 1,026.9% during the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 267 shares during the period. Capital Financial Planning LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $26,000. Athena Capital Advisors LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $27,000. Finally, Claybrook Capital LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 73.51% of the company’s stock.

NYSE AEP opened at $83.01 on Friday. American Electric Power Company Inc has a fifty-two week low of $62.71 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.37. The company has a market capitalization of $40.94 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 3.61 and a beta of 0.17.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, January 24th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, research analysts expect that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

Several brokerages recently weighed in on AEP. Morgan Stanley cut American Electric Power from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $86.00 to $83.20 in a report on Thursday. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. upgraded American Electric Power from a “neutral” rating to an “overweight” rating and increased their target price for the company from $78.00 to $88.00 in a report on Tuesday, March 12th. Goldman Sachs Group cut American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Monday, April 8th. Finally, Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday, January 3rd. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $79.01.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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