Twin Capital Management Inc. Reduces Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Twin Capital Management Inc. lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,575 shares of the company’s stock after selling 231 shares during the quarter. Twin Capital Management Inc.’s holdings in American Electric Power were worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC grew its position in American Electric Power by 2.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after purchasing an additional 117 shares during the last quarter. Thrivent Financial for Lutherans grew its position in American Electric Power by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,284 shares of the company’s stock worth $2,445,000 after purchasing an additional 119 shares during the last quarter. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after purchasing an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of American Electric Power by 4.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after acquiring an additional 132 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in shares of American Electric Power by 2.8% in the 4th quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock valued at $469,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 2.0 %

Shares of AEP stock opened at $84.20 on Friday. 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 firm has a market cap of $44.34 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.51. The company has a 50-day moving average of $82.90 and a two-hundred day moving average of $79.96. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $94.73.

American Electric Power (NASDAQ:AEP) last announced its 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). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. On average, analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Cfra restated a “buy” rating and set a $92.00 price objective (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Thursday, January 11th. UBS Group cut shares of American Electric Power from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. Finally, StockNews.com cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.