SVB Wealth LLC Increases Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

SVB Wealth LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,891 shares of the company’s stock after purchasing an additional 1,481 shares during the period. SVB Wealth LLC’s holdings in American Electric Power were worth $722,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FSC Wealth Advisors LLC increased its holdings in American Electric Power by 222.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after purchasing an additional 242 shares during the period. Fairfield Bush & CO. purchased a new position in shares of American Electric Power during the 2nd quarter worth approximately $26,000. Penserra Capital Management LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $27,000. True Wealth Design LLC purchased a new position in shares of American Electric Power during the 4th quarter worth approximately $28,000. Finally, Chilton Capital Management LLC purchased a new position in shares of American Electric Power during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AEP shares. LADENBURG THALM/SH SH downgraded American Electric Power from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. StockNews.com downgraded American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Barclays upped their target price on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, January 11th. Finally, Cfra reissued a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of American Electric Power in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.08.

American Electric Power Stock Performance

AEP stock opened at $84.20 on Friday. The stock has a market capitalization 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 12-month low of $69.38 and a 12-month high of $94.73. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The stock’s 50 day simple moving average is $82.90 and its 200 day simple moving average is $79.96.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.12 billion. American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. American Electric Power’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.54 earnings per share 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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.