Trajan Wealth LLC Has $4.48 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Trajan Wealth LLC boosted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,576 shares of the company's stock after buying an additional 2,408 shares during the period. Trajan Wealth LLC's holdings in American Electric Power were worth $4,480,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position 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 worth $4,767,425,000 after acquiring an additional 763,813 shares during the period. GQG Partners LLC raised its stake in shares of 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 purchasing an additional 543,054 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $1,178,174,000 after purchasing an additional 283,311 shares during the period. Invesco Ltd. boosted its stake in 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 buying an additional 716,229 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock valued at $427,009,000 after buying an additional 100,578 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Morgan Stanley set a $114.00 price objective on American Electric Power and gave the company an "overweight" rating in a report on Wednesday. BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Bank of America boosted their price target on American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Barclays upped their price target on American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a research report on Tuesday. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $101.69.

American Electric Power Trading Down 0.1 %

AEP stock traded down $0.12 during trading on Friday, hitting $106.58. The company had a trading volume of 1,140,071 shares, compared to its average volume of 3,157,710. The firm has a 50-day moving average price of $105.29 and a 200-day moving average price of $99.67. American Electric Power Company, Inc. has a 12 month low of $85.15 and a 12 month high of $110.48. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the firm earned $1.23 EPS. As a group, analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

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.