Raymond James Trust N.A. decreased its holdings in American Electric Power Company Inc (NYSE:AEP) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,614 shares of the utilities provider’s stock after selling 3,232 shares during the period. Raymond James Trust N.A.’s holdings in American Electric Power were worth $2,145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Legacy Advisors LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at approximately $25,000. Sageworth Trust Co grew its stake in shares of American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after buying an additional 267 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of American Electric Power in the 1st quarter valued at approximately $28,000. Capital Financial Planning LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $26,000. Finally, Claybrook Capital LLC bought a new stake in shares of American Electric Power in the 4th quarter valued at approximately $27,000. Institutional investors own 73.51% of the company’s stock.
Several equities research analysts recently commented on AEP shares. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, January 4th. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 price target on American Electric Power and gave the company a “hold” rating in a research note on Friday, January 25th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. American Electric Power presently has an average rating of “Buy” and a consensus target price of $79.07.
Shares of American Electric Power stock opened at $84.26 on Tuesday. The company has a market cap of $41.56 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 3.61 and a beta of 0.17. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.37. American Electric Power Company Inc has a 12-month low of $62.71 and a 12-month high of $86.10.
American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.97 billion. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities analysts predict that American Electric Power Company Inc will post 4.12 EPS for the current fiscal year.
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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