MML Investors Services LLC Increases Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

MML Investors Services LLC increased its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 140,299 shares of the company’s stock after acquiring an additional 2,678 shares during the period. MML Investors Services LLC’s holdings in American Electric Power were worth $12,940,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ bought a new position in American Electric Power during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power in the fourth quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the 4th quarter worth approximately $35,000. Finally, Lee Danner & Bass Inc. purchased a new position in American Electric Power during the 4th quarter valued at $38,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays lifted their target price on American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on shares of American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. BMO Capital Markets increased their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Bank of America lifted their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.62.

American Electric Power Stock Up 2.5 %

Shares of American Electric Power stock opened at $108.15 on Wednesday. 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 company has a market cap of $57.72 billion, a P/E ratio of 19.31, a PEG ratio of 2.97 and a beta of 0.43. The firm’s 50 day moving average price is $105.09 and its 200-day moving average price is $99.56. American Electric Power Company, Inc. has a 52-week low of $84.28 and a 52-week high of $110.48.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period last year, the company earned $1.23 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 5.87 EPS 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.