Hsbc Holdings PLC Has $114.92 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Hsbc Holdings PLC raised its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,247,098 shares of the company's stock after buying an additional 378,292 shares during the period. Hsbc Holdings PLC owned about 0.23% of American Electric Power worth $114,922,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SouthState Corp grew its stake in American Electric Power by 1.6% during the 4th quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after buying an additional 102 shares during the last quarter. PSI Advisors LLC lifted its position in American Electric Power by 10.6% in the 4th quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock valued at $103,000 after purchasing an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in American Electric Power by 3.7% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,105 shares of the company's stock valued at $286,000 after purchasing an additional 112 shares during the period. Albion Financial Group UT boosted its position in shares of American Electric Power by 0.9% during the fourth quarter. Albion Financial Group UT now owns 12,132 shares of the company's stock worth $1,119,000 after buying an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in American Electric Power by 11.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock valued at $103,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AEP shares. Morgan Stanley set a $114.00 target price on American Electric Power and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. BMO Capital Markets boosted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Bank of America lifted their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Guggenheim raised American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, American Electric Power has an average rating of "Hold" and an average target price of $101.69.

American Electric Power Stock Up 0.2 %

Shares of NASDAQ AEP traded up $0.19 during trading hours on Tuesday, hitting $107.25. The company had a trading volume of 945,804 shares, compared to its average volume of 3,156,784. American Electric Power Company, Inc. has a 1-year low of $85.70 and a 1-year high of $110.48. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The firm's 50 day moving average is $105.46 and its 200-day moving average is $99.82. The stock has a market capitalization of $57.24 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.