American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,058 shares of the company’s stock after acquiring an additional 2,641 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Electric Power were worth $4,959,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of American Electric Power by 14.4% in 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. Invesco Ltd. lifted its stake 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 buying an additional 1,181,706 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in American Electric Power by 70.7% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,953,072 shares of the company’s stock valued at $145,835,000 after buying an additional 809,067 shares during the last quarter. Lazard Asset Management LLC increased its position in American Electric Power by 18.1% during the third quarter. Lazard Asset Management LLC now owns 4,311,429 shares of the company’s stock worth $324,304,000 after buying an additional 660,599 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of American Electric Power by 4.1% in the third quarter. Morgan Stanley now owns 14,892,850 shares of the company’s stock worth $1,120,240,000 after acquiring an additional 587,145 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Stock Up 0.8 %

Shares of NASDAQ:AEP opened at $84.90 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73. The stock has a 50-day simple moving average of $83.05 and a 200-day simple moving average of $80.15. 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 market capitalization of $44.71 billion, a P/E ratio of 19.98, a PEG ratio of 2.98 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share (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 business 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 firm earned $1.05 earnings per share. American Electric Power’s quarterly revenue 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 year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $86.00 to $83.00 in a research note on Monday, March 11th. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. Barclays boosted their price objective on shares of American Electric Power from $83.00 to $84.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. BMO Capital Markets raised their target price on shares of American Electric Power from $87.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.08.

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.