American Electric Power Company, Inc. (NASDAQ:AEP) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,246 shares of the company’s stock after purchasing an additional 284 shares during the period. Lindbrook Capital LLC’s holdings in American Electric Power were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AEP. FSC Wealth Advisors LLC grew its holdings in American Electric Power by 222.0% in the third quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after purchasing an additional 242 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in American Electric Power in the fourth quarter valued at approximately $32,000. GoalVest Advisory LLC grew its holdings in American Electric Power by 304.8% in the fourth quarter. GoalVest Advisory LLC now owns 425 shares of the company’s stock valued at $35,000 after purchasing an additional 320 shares during the period. JNBA Financial Advisors grew its holdings in American Electric Power by 91.6% in the third quarter. JNBA Financial Advisors now owns 479 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in American Electric Power in the third quarter valued at approximately $36,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEP has been the topic of several research analyst reports. StockNews.com lowered American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Monday, January 22nd. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, January 11th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the company from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, Barclays raised their target price 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 given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average price target of $86.08.

American Electric Power Trading Up 0.8 %

AEP opened at $84.90 on Tuesday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $94.73. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.98 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The business has a fifty day moving average price of $83.05 and a 200 day moving average price of $80.15.

American Electric Power (NASDAQ:AEP) last announced its quarterly 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 business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Sell-side analysts expect that American Electric Power Company, Inc. will post 5.54 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.