Capital Research Global Investors Raises Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Capital Research Global Investors boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,446,983 shares of the company's stock after purchasing an additional 3,090 shares during the quarter. Capital Research Global Investors owned about 0.27% of American Electric Power worth $133,455,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock valued at $4,767,425,000 after buying an additional 763,813 shares in the last quarter. GQG Partners LLC lifted its position in American Electric Power by 3.7% in the fourth quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock valued at $1,389,032,000 after acquiring an additional 543,054 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Electric Power by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock valued at $1,178,174,000 after acquiring an additional 283,311 shares in the last quarter. Invesco Ltd. grew its holdings in shares of American Electric Power by 9.1% during the fourth quarter. Invesco Ltd. now owns 8,603,600 shares of the company's stock worth $793,510,000 after purchasing an additional 716,229 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of American Electric Power by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after purchasing an additional 100,578 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Price Performance

NASDAQ:AEP traded up $0.04 during trading hours on Friday, hitting $106.74. The company's stock had a trading volume of 2,853,430 shares, compared to its average volume of 3,164,086. The company has a market capitalization of $56.97 billion, a PE ratio of 19.06, a PEG ratio of 2.97 and a beta of 0.43. American Electric Power Company, Inc. has a 52-week low of $85.24 and a 52-week high of $110.48. The business's 50-day moving average is $105.38 and its two-hundred day moving average is $99.73. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts' consensus estimates 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 company earned $1.23 EPS. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets upped their target price on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Barclays increased their price objective on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday. Guggenheim raised shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Bank of America upped their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.