American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,628 shares of the company's stock after buying an additional 2,588 shares during the quarter. NewEdge Advisors LLC's holdings in American Electric Power were worth $2,640,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp increased its stake in American Electric Power by 1.6% during the fourth quarter. SouthState Corp now owns 6,611 shares of the company's stock worth $610,000 after acquiring an additional 102 shares during the last quarter. PSI Advisors LLC lifted its position in shares of American Electric Power by 10.6% during the fourth quarter. PSI Advisors LLC now owns 1,113 shares of the company's stock worth $103,000 after purchasing an additional 107 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of American Electric Power by 3.7% during the fourth 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 increased 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 acquiring an additional 112 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in American Electric Power by 11.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,112 shares of the company's stock worth $103,000 after purchasing an additional 112 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AEP shares. BMO Capital Markets lifted their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Morgan Stanley set a $114.00 price objective on American Electric Power and gave the stock an "overweight" rating in a research note on Wednesday. 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 report on Tuesday, April 22nd. Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America raised their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $101.69.

American Electric Power Stock Performance

Shares of AEP traded up $0.04 during mid-day trading on Friday, hitting $106.74. 2,853,430 shares of the company's stock were exchanged, compared to its average volume of 3,164,842. The business's 50 day moving average is $105.38 and its two-hundred day moving average is $99.76. American Electric Power Company, Inc. has a fifty-two week low of $85.70 and a fifty-two week high of $110.48. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $56.97 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share 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 period last year, the business earned $1.23 EPS. On average, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

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.