Marshall Wace LLP Trims Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Marshall Wace LLP decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 76.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,188 shares of the company's stock after selling 236,342 shares during the quarter. Marshall Wace LLP's holdings in American Electric Power were worth $6,842,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in American Electric Power in the 4th quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in American Electric Power in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the fourth quarter worth $35,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of American Electric Power in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 75.24% of the company's stock.

American Electric Power Stock Performance

Shares of American Electric Power stock traded up $0.38 on Tuesday, reaching $107.44. 523,251 shares of the stock were exchanged, compared to its average volume of 3,156,249. 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 $57.34 billion, a PE ratio of 19.20, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 1-year low of $85.70 and a 1-year high of $110.48. The business has a fifty day moving average price of $105.46 and a two-hundred day moving average price of $99.82.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEP. Barclays upped their price objective on 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. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets boosted their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Morgan Stanley set a $114.00 target price on American Electric Power and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Bank of America increased their price objective on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $101.69.

American Electric Power Company 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.