Stifel Financial Corp Purchases 38,553 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Stifel Financial Corp grew its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 937,285 shares of the company's stock after purchasing an additional 38,553 shares during the period. Stifel Financial Corp owned approximately 0.18% of American Electric Power worth $86,446,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Electric Power during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new position in American Electric Power during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of American Electric Power during the 4th quarter worth approximately $35,000. Finally, Lee Danner & Bass Inc. acquired 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

AEP has been the topic of a number of recent analyst reports. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. 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. Morgan Stanley set a $114.00 price target on American Electric Power and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays upped their price objective on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, American Electric Power has an average rating of "Hold" and a consensus price target of $101.69.

American Electric Power Stock Performance

Shares of AEP stock traded up $0.33 on Monday, hitting $107.07. The company's stock had a trading volume of 522,326 shares, compared to its average volume of 3,154,494. American Electric Power Company, Inc. has a fifty-two week low of $85.70 and a fifty-two week high of $110.48. The company has a market capitalization of $57.14 billion, a PE ratio of 19.12, a PEG ratio of 2.97 and a beta of 0.43. The stock's 50 day moving average is $105.38 and its 200-day moving average is $99.76. 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 results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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 period in the prior year, the business earned $1.23 earnings per share. Equities research analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal 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.