Jump Financial LLC Sells 5,250 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Jump Financial LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 34.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,146 shares of the company’s stock after selling 5,250 shares during the quarter. Jump Financial LLC’s holdings in American Electric Power were worth $936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of American Electric Power by 10.5% in the 3rd quarter. Barclays PLC now owns 2,249,203 shares of the company’s stock valued at $230,764,000 after purchasing an additional 213,153 shares during the period. Passumpsic Savings Bank acquired a new position in American Electric Power during the third quarter worth $914,000. Virtu Financial LLC acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $3,191,000. Chelsea Counsel Co. increased its position in shares of American Electric Power by 46.1% during the 3rd quarter. Chelsea Counsel Co. now owns 1,110 shares of the company’s stock worth $114,000 after purchasing an additional 350 shares in the last quarter. Finally, Tudor Financial Inc. bought a new position in American Electric Power during the 3rd quarter valued at about $1,331,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

AEP stock opened at $105.53 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a twelve month low of $83.68 and a twelve month high of $110.48. The business’s fifty day moving average is $104.94 and its 200-day moving average is $99.50. The company has a market cap of $56.32 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 company earned $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 research firms have recently issued reports on AEP. Morgan Stanley lifted their target price 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. Bank of America raised their target price on American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets increased their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.08.

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.