Bellwether Advisors LLC Acquires New Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Bellwether Advisors LLC purchased a new position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 838 shares of the company’s stock, valued at approximately $77,000.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on AEP shares. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a report 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 report on Wednesday, April 23rd. Barclays boosted their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. Bank of America boosted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets increased their target price on American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.69.

American Electric Power Stock Up 0.3 %

Shares of American Electric Power stock opened at $107.06 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. The business has a 50-day moving average price of $105.46 and a 200 day moving average price of $99.82. American Electric Power Company, Inc. has a fifty-two week low of $85.70 and a fifty-two week high of $110.48. The firm has a market cap of $57.14 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting 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 period in the previous year, the business earned $1.23 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share 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.