Xponance Inc. Buys 3,302 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Xponance Inc. increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,786 shares of the company’s stock after acquiring an additional 3,302 shares during the quarter. Xponance Inc.’s holdings in American Electric Power were worth $5,506,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of American Electric Power by 14.4% during the 3rd quarter. Wellington Management Group LLP now owns 28,591,562 shares of the company’s stock worth $2,150,657,000 after purchasing an additional 3,589,451 shares during the last quarter. Morgan Stanley raised its holdings in American Electric Power by 4.1% in the 3rd quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock valued at $1,120,240,000 after acquiring an additional 587,145 shares in the last quarter. Invesco Ltd. raised its holdings in American Electric Power by 13.7% in the 3rd quarter. Invesco Ltd. now owns 9,798,204 shares of the company’s stock valued at $737,021,000 after acquiring an additional 1,181,706 shares in the last quarter. Royal Bank of Canada raised its holdings in American Electric Power by 5.1% in the 3rd quarter. Royal Bank of Canada now owns 7,714,823 shares of the company’s stock valued at $580,308,000 after acquiring an additional 374,300 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in American Electric Power by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,033,558 shares of the company’s stock valued at $423,826,000 after acquiring an additional 75,124 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Up 2.0 %

NASDAQ AEP opened at $84.20 on Friday. 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. American Electric Power Company, Inc. has a one year low of $69.38 and a one year high of $94.73. The stock’s 50 day simple moving average is $82.90 and its 200 day simple moving average is $79.96. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Thursday, January 11th. BMO Capital Markets upped their price objective on American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Guggenheim lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Monday, January 22nd. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $75.50 to $73.00 in a research note on Friday, March 8th. Finally, Barclays upped their price objective on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.08.

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.