Jump Financial LLC Decreases Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Jump Financial LLC reduced its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,146 shares of the company's stock after selling 5,250 shares during the period. Jump Financial LLC's holdings in American Electric Power were worth $936,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEP. Barclays PLC lifted its holdings in shares of American Electric Power by 10.5% in the 3rd quarter. Barclays PLC now owns 2,249,203 shares of the company's stock valued at $230,764,000 after acquiring an additional 213,153 shares during the last quarter. Passumpsic Savings Bank purchased a new stake in American Electric Power during the third quarter valued at approximately $914,000. Virtu Financial LLC bought a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $3,191,000. Chelsea Counsel Co. boosted its holdings in shares of American Electric Power by 46.1% in the 3rd quarter. Chelsea Counsel Co. now owns 1,110 shares of the company's stock worth $114,000 after purchasing an additional 350 shares during the period. Finally, Tudor Financial Inc. bought a new position in shares of American Electric Power during the 3rd quarter valued at approximately $1,331,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

American Electric Power Stock Up 0.0 %

Shares of AEP stock traded up $0.04 during mid-day trading on Friday, hitting $106.74. The stock had a trading volume of 2,853,430 shares, compared to its average volume of 3,164,842. American Electric Power Company, Inc. has a 12-month low of $85.70 and a 12-month high of $110.48. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm's 50-day moving average is $105.38 and its two-hundred day moving average is $99.76. The firm has a market capitalization of $56.97 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting 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 quarter in the previous year, the business posted $1.23 EPS. On average, analysts predict 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 analysts recently issued reports on AEP shares. Morgan Stanley set a $114.00 price target on American Electric Power and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets raised 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, April 21st. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. 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. Finally, Barclays upped their target price on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.