American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. boosted its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 24.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,234 shares of the company’s stock after acquiring an additional 1,013 shares during the quarter. Flputnam Investment Management Co.’s holdings in American Electric Power were worth $425,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AEP. Fairfield Bush & CO. acquired a new stake in shares of American Electric Power in the first quarter worth $40,000. Westwood Holdings Group Inc. acquired a new stake in American Electric Power during the 1st quarter worth about $211,000. Cibc World Market Inc. raised its stake in shares of American Electric Power by 13.1% during the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock valued at $3,074,000 after buying an additional 3,558 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of American Electric Power by 17.7% in the 1st quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock valued at $20,569,000 after buying an additional 30,836 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of American Electric Power by 1.6% in the first quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock worth $3,643,000 after buying an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AEP. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the company from $75.50 to $73.00 in a report on Friday, March 8th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and cut their price objective 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 target price on the stock. in a research note on Thursday, January 11th. Cfra reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Finally, Barclays raised their price objective on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.08.

American Electric Power Trading Up 1.6 %

Shares of AEP stock opened at $82.56 on Friday. The stock’s fifty day moving average is $82.75 and its two-hundred day moving average is $79.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $43.48 billion, a P/E ratio of 19.43, a PEG ratio of 2.81 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 EPS for the quarter, missing the consensus estimate 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 company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Research analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal 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.