NewEdge Wealth LLC Sells 176 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

NewEdge Wealth LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,464 shares of the company’s stock after selling 176 shares during the quarter. NewEdge Wealth LLC’s holdings in American Electric Power were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake 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 worth $2,150,657,000 after acquiring an additional 3,589,451 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake 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 worth $266,256,000 after acquiring an additional 2,801,349 shares during the last quarter. Morgan Stanley grew its stake 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 worth $1,268,278,000 after acquiring an additional 2,560,192 shares during the last quarter. Royal Bank of Canada grew its stake 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 worth $618,073,000 after acquiring an additional 2,161,083 shares during the last quarter. Finally, Jane Street Group LLC grew its stake 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 worth $172,966,000 after acquiring an additional 1,893,718 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 1.6 %

Shares of NASDAQ:AEP opened at $82.56 on Friday. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $94.73. The company has a market capitalization of $43.48 billion, a PE ratio of 19.43, a PEG ratio of 2.81 and a beta of 0.51. The business has a 50 day moving average of $82.75 and a two-hundred day moving average of $79.87. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cfra reaffirmed a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Thursday, January 11th. UBS Group downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Finally, LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.