Gamco Investors INC. ET AL Sells 8,000 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Gamco Investors INC. ET AL decreased its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 76.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,400 shares of the company's stock after selling 8,000 shares during the period. Gamco Investors INC. ET AL's holdings in American Electric Power were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ontario Teachers Pension Plan Board bought a new stake in shares of American Electric Power during the fourth quarter worth $1,193,000. CreativeOne Wealth LLC increased its stake in shares of American Electric Power by 10.3% in the fourth quarter. CreativeOne Wealth LLC now owns 9,934 shares of the company's stock valued at $916,000 after buying an additional 926 shares during the period. Mariner LLC lifted its holdings in American Electric Power by 7.7% in the fourth quarter. Mariner LLC now owns 165,903 shares of the company's stock valued at $15,301,000 after buying an additional 11,818 shares during the period. Cohen & Steers Inc. acquired a new stake in American Electric Power during the fourth quarter worth approximately $121,605,000. Finally, Keystone Financial Group increased its holdings in American Electric Power by 2.1% in the fourth quarter. Keystone Financial Group now owns 9,262 shares of the company's stock worth $854,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEP. Morgan Stanley set a $114.00 target price on American Electric Power and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. 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 research note on Tuesday, March 18th. Barclays raised their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Guggenheim upgraded American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $101.69.

American Electric Power Trading Down 0.6 %

NASDAQ AEP traded down $0.68 during trading on Friday, hitting $106.02. The company had a trading volume of 700,225 shares, compared to its average volume of 4,033,618. The company's fifty day moving average is $105.29 and its 200-day moving average is $99.67. The company has a market cap of $56.58 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a one year low of $85.24 and a one year high of $110.48.

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, hitting analysts' consensus estimates 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 EPS. On average, sell-side analysts predict 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.