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

Coldstream Capital Management Inc. lessened its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,449 shares of the company’s stock after selling 194 shares during the quarter. Coldstream Capital Management Inc.’s holdings in American Electric Power were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in American Electric Power during the fourth quarter valued at approximately $220,983,000. Cohen & Steers Inc. acquired a new position in American Electric Power during the fourth quarter worth about $121,605,000. Vanguard Group Inc. grew its holdings in American Electric Power by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock worth $4,767,425,000 after acquiring an additional 763,813 shares during the period. JPMorgan Chase & Co. grew its holdings in American Electric Power by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock worth $315,498,000 after acquiring an additional 738,756 shares during the period. Finally, Invesco Ltd. grew its holdings in American Electric Power by 9.1% during the fourth quarter. Invesco Ltd. now owns 8,603,600 shares of the company’s stock worth $793,510,000 after acquiring an additional 716,229 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Performance

NASDAQ AEP opened at $107.06 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market capitalization of $57.14 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 2.97 and a beta of 0.43. The company’s fifty day moving average is $105.46 and its two-hundred day moving average is $99.82. American Electric Power Company, Inc. has a 52-week low of $85.70 and a 52-week high of $110.48.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting 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 quarter last year, the company posted $1.23 EPS. Equities research analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd. BMO Capital Markets increased their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Barclays increased their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Finally, Bank of America increased their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.