J.W. Cole Advisors Inc. Sells 193 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

J.W. Cole Advisors Inc. reduced its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,159 shares of the company’s stock after selling 193 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in American Electric Power were worth $1,231,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AEP. Wellington Management Group LLP boosted its position in shares of American Electric Power by 14.4% during the third quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock valued at $2,150,657,000 after purchasing an additional 3,589,451 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of American Electric Power by 99,268.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,804,171 shares of the company’s stock valued at $266,256,000 after purchasing an additional 2,801,349 shares in the last quarter. Morgan Stanley boosted its position in shares of American Electric Power by 23.7% during the fourth quarter. Morgan Stanley now owns 13,357,327 shares of the company’s stock valued at $1,268,278,000 after purchasing an additional 2,560,192 shares in the last quarter. Royal Bank of Canada boosted its position in shares of American Electric Power by 41.7% during the second quarter. Royal Bank of Canada now owns 7,340,523 shares of the company’s stock valued at $618,073,000 after purchasing an additional 2,161,083 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of American Electric Power by 26,257.9% during the first quarter. Jane Street Group LLC now owns 1,900,930 shares of the company’s stock valued at $172,966,000 after purchasing an additional 1,893,718 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Up 2.0 %

AEP stock opened at $84.20 on Monday. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73. The business has a fifty day moving average price of $82.90 and a 200-day moving average price of $80.06. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market capitalization of $44.34 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.98 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Cfra restated a “buy” rating and set a $92.00 price target (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Barclays boosted their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Thursday, January 11th. Finally, BMO Capital Markets boosted their target price on American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, American Electric Power has an average rating of “Hold” and an average target price of $86.08.

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.