Beaumont Financial Advisors LLC Has $4.16 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Beaumont Financial Advisors LLC lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 875.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,262 shares of the company's stock after acquiring an additional 46,006 shares during the period. Beaumont Financial Advisors LLC's holdings in American Electric Power were worth $4,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company's stock worth $2,150,657,000 after purchasing an additional 3,589,451 shares during the period. Moneta Group Investment Advisors LLC grew its stake in American Electric Power by 99,268.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,804,171 shares of the company's stock valued at $266,256,000 after acquiring an additional 2,801,349 shares during the last quarter. Morgan Stanley grew its stake in American Electric Power by 23.7% in the 4th quarter. Morgan Stanley now owns 13,357,327 shares of the company's stock valued at $1,268,278,000 after acquiring an additional 2,560,192 shares during the last quarter. Royal Bank of Canada grew its stake in American Electric Power by 41.7% in the 2nd quarter. Royal Bank of Canada now owns 7,340,523 shares of the company's stock valued at $618,073,000 after acquiring an additional 2,161,083 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in American Electric Power by 26,257.9% in the 1st quarter. Jane Street Group LLC now owns 1,900,930 shares of the company's stock valued at $172,966,000 after purchasing an additional 1,893,718 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 2.0 %

NASDAQ:AEP traded up $1.64 during trading hours on Friday, hitting $84.20. The stock had a trading volume of 5,406,113 shares, compared to its average volume of 3,794,190. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73. The business has a 50 day simple moving average of $82.75 and a two-hundred day simple moving average of $79.87. The company has a market cap of $44.34 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.51.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the business earned $1.05 EPS. The firm's revenue was down 6.1% compared to the same quarter last year. Analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent research reports. LADENBURG THALM/SH SH lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and reduced their target price for the company from $75.50 to $73.00 in a report on Friday, March 8th. Mizuho lowered shares of American Electric Power from a "buy" rating to a "neutral" rating and set a $83.00 target price on the stock. in a report on Thursday, January 11th. Cfra reiterated a "buy" rating and set a $92.00 price objective (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. BMO Capital Markets increased their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, February 27th. Finally, UBS Group lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $86.08.

American Electric Power 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.