OLD National Bancorp IN Purchases 66,104 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

OLD National Bancorp IN boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 435.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,301 shares of the company's stock after purchasing an additional 66,104 shares during the period. OLD National Bancorp IN's holdings in American Electric Power were worth $6,603,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. International Assets Investment Management LLC lifted its stake in American Electric Power by 8.9% during the third quarter. International Assets Investment Management LLC now owns 3,470 shares of the company's stock worth $263,000 after purchasing an additional 283 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of American Electric Power by 23.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 4,947 shares of the company's stock valued at $372,000 after acquiring an additional 941 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of American Electric Power by 7.6% in the third quarter. Global Retirement Partners LLC now owns 5,287 shares of the company's stock valued at $388,000 after acquiring an additional 375 shares during the last quarter. Rothschild Investment LLC IL raised its stake in shares of American Electric Power by 3.8% in the third quarter. Rothschild Investment LLC IL now owns 6,063 shares of the company's stock valued at $456,000 after acquiring an additional 220 shares during the last quarter. Finally, Viking Fund Management LLC raised its stake in shares of American Electric Power by 6.4% in the third quarter. Viking Fund Management LLC now owns 100,000 shares of the company's stock valued at $7,522,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AEP shares. UBS Group lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and lowered their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. Mizuho lowered shares of American Electric Power from a "buy" rating to a "neutral" rating and set a $83.00 price target for the company. in a report on Thursday, January 11th. Barclays raised their price target on shares of American Electric Power from $83.00 to $84.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. StockNews.com lowered shares of American Electric Power from a "hold" rating to a "sell" rating in a report on Friday, March 15th. Finally, LADENBURG THALM/SH SH lowered shares of American Electric Power from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $86.08.

American Electric Power Stock Up 0.8 %

Shares of AEP stock traded up $0.70 during trading on Monday, reaching $84.90. The company's stock had a trading volume of 2,400,771 shares, compared to its average volume of 3,776,096. The business has a fifty day moving average price of $82.90 and a 200-day moving average price of $80.06. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $94.73.

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

About American Electric Power

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.