CANADA LIFE ASSURANCE Co Sells 11,125 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

CANADA LIFE ASSURANCE Co decreased its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,866 shares of the company's stock after selling 11,125 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in American Electric Power were worth $24,418,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in American Electric Power in the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter worth about $32,000. Kestra Investment Management LLC acquired a new position in American Electric Power during the fourth quarter worth approximately $35,000. Newbridge Financial Services Group Inc. bought a new stake in American Electric Power in the fourth quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of American Electric Power during the 4th quarter worth approximately $38,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Electric Power Price Performance

AEP traded down $0.62 on Friday, reaching $106.08. The stock had a trading volume of 700,225 shares, compared to its average volume of 3,156,007. The firm has a 50-day moving average of $105.29 and a 200-day moving average of $99.67. American Electric Power Company, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $110.48. The company has a market capitalization of $56.61 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 (NASDAQ:AEP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.24 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 prior year, the firm posted $1.23 EPS. As a group, sell-side analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

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.