American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 7,575 shares of the company’s stock after selling 231 shares during the quarter. Twin Capital Management Inc.’s holdings in American Electric Power were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after acquiring an additional 3,589,451 shares during the last quarter. Morgan Stanley grew its holdings in shares of American Electric Power by 4.1% during the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after purchasing an additional 587,145 shares during the period. Invesco Ltd. grew its holdings in shares of American Electric Power by 13.7% during the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock worth $737,021,000 after purchasing an additional 1,181,706 shares during the period. Royal Bank of Canada grew its holdings in shares of American Electric Power by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock worth $580,308,000 after purchasing an additional 374,300 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of American Electric Power by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock worth $423,826,000 after purchasing an additional 75,124 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP stock opened at $84.20 on Friday. 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 stock has a market capitalization of $44.34 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.87 and a beta of 0.51. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73. The stock’s fifty day moving average is $82.90 and its two-hundred day moving average is $79.96.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, research analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the company from $75.50 to $73.00 in a research note on Friday, March 8th. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Thursday, January 11th. Finally, Barclays upped their price target on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.08.

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.