Hancock Whitney Corp Cuts Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Hancock Whitney Corp lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,176 shares of the company’s stock after selling 209 shares during the quarter. Hancock Whitney Corp’s holdings in American Electric Power were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in American Electric Power in the fourth quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at $32,000. Kestra Investment Management LLC purchased a new stake in shares of American Electric Power during the 4th quarter worth $35,000. Newbridge Financial Services Group Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth $35,000. Finally, Lee Danner & Bass Inc. purchased a new position in American Electric Power in the fourth quarter valued at $38,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 0.0 %

AEP opened at $106.74 on Friday. American Electric Power Company, Inc. has a 52 week low of $85.24 and a 52 week high of $110.48. The business has a 50 day moving average price of $105.38 and a two-hundred day moving average price of $99.73. 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 $56.97 billion, a PE ratio of 19.06, a P/E/G ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEP. BMO Capital Markets upped their price objective on American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. 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 set a $114.00 price objective on shares of American Electric Power and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America increased their target price on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Barclays boosted their price target on shares of American Electric Power from $95.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.69.

About American Electric Power

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.