Zurcher Kantonalbank Zurich Cantonalbank lowered its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 22.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,594 shares of the company's stock after selling 27,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in American Electric Power were worth $7,683,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of AEP. Wellington Management Group LLP boosted its position in shares of American Electric Power by 14.4% during the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company's stock worth $2,150,657,000 after acquiring an additional 3,589,451 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of American Electric Power by 99,268.2% during 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 purchasing an additional 2,801,349 shares during the last quarter. Morgan Stanley grew its position in shares of American Electric Power by 23.7% during the fourth quarter. Morgan Stanley now owns 13,357,327 shares of the company's stock valued at $1,268,278,000 after purchasing an additional 2,560,192 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of American Electric Power by 41.7% in the second quarter. Royal Bank of Canada now owns 7,340,523 shares of the company's stock worth $618,073,000 after purchasing an additional 2,161,083 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of American Electric Power by 26,257.9% in the first quarter. Jane Street Group LLC now owns 1,900,930 shares of the company's stock worth $172,966,000 after buying an additional 1,893,718 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.
American Electric Power Trading Up 2.0 %
Shares of American Electric Power stock traded up $1.64 on Friday, reaching $84.20. The company had a trading volume of 5,406,290 shares, compared to its average volume of 2,356,804. The firm has a market cap of $44.34 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.98 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The firm's 50-day moving average price is $82.90 and its two-hundred day moving average price is $80.06. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the business posted $1.05 earnings per share. American Electric Power's revenue was down 6.1% on a year-over-year basis. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have weighed in on AEP shares. BMO Capital Markets raised their price target on American Electric Power from $87.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, February 27th. Guggenheim cut American Electric Power from a "buy" rating to a "neutral" rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. LADENBURG THALM/SH SH cut American Electric Power from a "neutral" rating to a "sell" rating and cut their price target for the company from $75.50 to $73.00 in a report on Friday, March 8th. Barclays raised their price target on American Electric Power from $83.00 to $84.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Finally, StockNews.com cut American Electric Power from a "hold" rating to a "sell" rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and an average price target of $86.08.
Check Out Our Latest Report on AEP
About American Electric Power
(
Free Report)
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.
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