Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP – Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,033 shares of the company’s stock after purchasing an additional 8,302 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of American Electric Power worth $33,869,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in American Electric Power in the third quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in American Electric Power in the third quarter valued at approximately $26,000. Dogwood Wealth Management LLC lifted its holdings in American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the period. Optima Capital LLC acquired a new position in American Electric Power in the fourth quarter valued at approximately $26,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Electric Power in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
American Electric Power Stock Up 2.6%
American Electric Power stock opened at $135.08 on Friday. The stock has a market capitalization of $73.42 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $97.46 and a 12 month high of $137.74. The business has a 50 day simple moving average of $131.92 and a 200-day simple moving average of $123.11. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.
Insider Activity at American Electric Power
In related news, EVP Phillip R. Ulrich sold 4,106 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the completion of the sale, the executive vice president directly owned 42,263 shares in the company, valued at approximately $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total value of $177,602.46. Following the sale, the executive vice president owned 15,410 shares of the company’s stock, valued at $2,025,798.60. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on American Electric Power from $139.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. TD Cowen boosted their price target on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a report on Friday, February 20th. Evercore boosted their price target on American Electric Power from $137.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Raymond James Financial boosted their price target on American Electric Power from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price target on American Electric Power from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.18.
American Electric Power Profile
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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