Nadler Financial Group Inc. Invests $205,000 in American Electric Power Company Inc (AEP)

Nadler Financial Group Inc. purchased a new position in American Electric Power Company Inc (NYSE:AEP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,792 shares of the utilities provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elkhorn Investments LLC lifted its position in shares of American Electric Power by 0.4% in the 2nd quarter. Elkhorn Investments LLC now owns 17,770 shares of the utilities provider’s stock worth $1,260,000 after purchasing an additional 76 shares during the period. Ropes Wealth Advisors LLC lifted its position in shares of American Electric Power by 1.3% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 7,627 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 100 shares during the period. Comerica Securities Inc. lifted its position in shares of American Electric Power by 3.5% during the 2nd quarter. Comerica Securities Inc. now owns 3,535 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 119 shares during the period. South Texas Money Management Ltd. lifted its position in shares of American Electric Power by 3.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 4,206 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 141 shares during the period. Finally, National Asset Management Inc. lifted its position in shares of American Electric Power by 1.4% during the 2nd quarter. National Asset Management Inc. now owns 11,121 shares of the utilities provider’s stock valued at $774,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

American Electric Power Company Inc (NYSE AEP) traded down $1.27 on Friday, reaching $67.46. 6,646,960 shares of the company’s stock traded hands, compared to its average volume of 3,896,778. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. American Electric Power Company Inc has a 1 year low of $62.14 and a 1 year high of $78.07. The firm has a market capitalization of $33,180.00, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.83 and a beta of 0.30.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The business’s quarterly revenue was down 12.8% on a year-over-year basis. analysts forecast that American Electric Power Company Inc will post 3.61 earnings per share for the current year.

A number of research analysts recently issued reports on AEP shares. Bank of America started coverage on shares of American Electric Power in a research report on Tuesday, October 24th. They set a “buy” rating and a $79.00 target price on the stock. ValuEngine downgraded shares of American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Jefferies Group reiterated a “hold” rating and set a $73.00 target price on shares of American Electric Power in a research report on Tuesday, October 3rd. SunTrust Banks reiterated a “buy” rating and set a $78.00 target price on shares of American Electric Power in a research report on Tuesday. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $73.00 in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $75.08.

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American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

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