American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 84,447 shares of the company’s stock after purchasing an additional 3,113 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Electric Power were worth $6,859,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of American Electric Power by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after acquiring an additional 3,589,451 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in American Electric Power by 99,268.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,804,171 shares of the company’s stock worth $266,256,000 after buying an additional 2,801,349 shares during the last quarter. Morgan Stanley grew its stake in American Electric Power by 23.7% during the 4th quarter. Morgan Stanley now owns 13,357,327 shares of the company’s stock worth $1,268,278,000 after buying an additional 2,560,192 shares during the last quarter. Royal Bank of Canada grew its stake in American Electric Power by 41.7% during the 2nd quarter. Royal Bank of Canada now owns 7,340,523 shares of the company’s stock worth $618,073,000 after buying an additional 2,161,083 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in American Electric Power by 26,257.9% during the 1st quarter. Jane Street Group LLC now owns 1,900,930 shares of the company’s stock worth $172,966,000 after buying an additional 1,893,718 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $82.56 on Friday. The company has a market cap of $43.48 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.81 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.73. The business has a fifty day simple moving average of $82.75 and a 200-day simple moving average of $79.87.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 EPS 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 analysts’ expectations of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. American Electric Power’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on AEP shares. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their price target for the company from $75.50 to $73.00 in a report on Friday, March 8th. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. BMO Capital Markets lifted their price objective on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, Barclays lifted their price objective on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.08.

About American Electric Power

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.