SVB Wealth LLC Purchases 1,481 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

SVB Wealth LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 20.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,891 shares of the company’s stock after buying an additional 1,481 shares during the quarter. SVB Wealth LLC’s holdings in American Electric Power were worth $722,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC boosted its stake in shares of American Electric Power by 2.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,010 shares of the company’s stock worth $592,000 after buying an additional 117 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in American Electric Power by 0.4% in 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 period. BLB&B Advisors LLC raised its holdings in American Electric Power by 4.0% in 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 period. Dorsey & Whitney Trust CO LLC raised its holdings in 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 worth $237,000 after purchasing an additional 132 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in American Electric Power by 2.8% in the 4th quarter. Financial Advocates Investment Management now owns 4,939 shares of the company’s stock worth $469,000 after purchasing an additional 133 shares during the period. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Cfra reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Monday, January 22nd. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and cut their price target for the company from $86.00 to $83.00 in a report on Monday, March 11th. 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. Finally, Barclays increased their price target on American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.08.

American Electric Power Trading Up 2.0 %

Shares of American Electric Power stock opened at $84.20 on Friday. The firm has a market capitalization of $44.34 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.87 and a beta of 0.51. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $94.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a 50 day moving average of $82.90 and a 200 day moving average of $79.96.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 EPS 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 firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

American Electric Power Company 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.